Panasonic Holdings Corporation (6752.T)

UPDATE 3-Tesla plans $3.6 bln Nevada expansion to make Semi truck, battery cells

Tesla Inc said on Tuesday it would invest more than $3.6 billion to expand its Nevada Gigafactory complex with two new factories, one to mass produce its long-delayed Semi electric truck and the other to make its new 4680 battery cell. The 4680 is key to Tesla meeting a goal of halving battery costs and ramping up battery production nearly 100-fold by 2030. Together, the facilities will employ about 3,000 people, extending the electric vehicle maker's complex east of Reno, where it runs a battery joint venture with Japan's Panasonic Corp and makes vehicle parts and power backup systems.