PANASONIC SCRAPS SOLAR PANELS PARTNERSHIP WITH TESLA

Panasonic is pulling out of its partnership with Tesla to produce solar panels at a factory in New York state, the Japanese electronics maker said.

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Panasonic’s production at the factory in Buffalo will end by May, with an exit by September, it said in a statement. The decision is to streamline the company’s global solar energy operations, it said.

Panasonic will continue making batteries for Tesla’s electric vehicles in another factory in Nevada, it said.

Panasonic also quoted Tesla as saying that the move won’t affect Tesla’s solar business plans.