Panasonic to unveil advanced electric vehicle battery in 2024, targeting quadrupled production capacity by 2030

Panasonic, a major player in the electric vehicle (EV) battery industry, is set to introduce an upgraded version of its electric vehicle battery cells with enhanced capacity in the coming year.

Panasonic, a leading player in the electric vehicle (EV) battery sector, is gearing up to launch an upgraded version of its electric vehicle battery cells, featuring enhanced capacity, as early as this year. Shoichiro Watanabe, the Chief Technology Officer for EV batteries at Panasonic, shared in an interview that production of the revamped 2170 cells is slated to commence at the company’s manufacturing plant in Nevada, with an anticipated timeline falling within 2024 or 2025.

This strategic move aligns closely with Panasonic’s commitment to quadruple its production capacity by the fiscal year 2030. Importantly, Watanabe expressed confidence in the company’s ability to achieve this ambitious target without necessitating the construction of a new factory or requiring substantial additional investments. The introduction of the upgraded 2170 cells is expected to play a pivotal role in contributing to the realization of this production capacity goal.

Panasonic has been actively engaged in efforts to enhance the energy density of the 2170 cell, a critical factor influencing the overall performance and efficiency of electric vehicles. Increased energy density translates to improved range for electric vehicles, addressing a key concern known as “range anxiety,” and simultaneously has the potential to reduce the overall manufacturing cost of EVs. In a market where the evolution of battery technology significantly impacts the adoption of electric mobility, Panasonic’s focus on enhancing its battery cells underscores the company’s commitment to staying at the forefront of innovation in the rapidly evolving electric vehicle industry.

The upgraded 2170 cells are poised not only to enhance the driving range of electric vehicles but also to contribute to the broader industry goals of reducing carbon emissions and promoting sustainable transportation solutions. As electric vehicles continue to gain prominence in the global automotive landscape, advancements in battery technology remain a linchpin for addressing key challenges and accelerating the widespread adoption of efficient, environmentally friendly electric mobility solutions.

Panasonic’s proactive approach to improving its battery technology exemplifies the industry’s commitment to continuous innovation, meeting consumer demands for enhanced performance, and driving the transition towards a more sustainable and electrified future of transportation.