Japanese electronics company Panasonic and U.S. electric car maker Tesla said Tuesday they plan to begin production of solar cells at a factory in Buffalo, New York.
The
two companies said they finalized an agreement calling for Tokyo-based
Panasonic to pay capital costs for the manufacturing. Palo Alto,
California-based Tesla made a "long-term purchase commitment" to
Panasonic.
Their statement gave no financial figures.
The
factory in Buffalo is under development by SolarCity Corp., a San
Mateo, California-based solar panel company owned by Tesla. The
photovoltaic cells and modules will be used in solar panels for
non-solar roof products and solar glass tile roofs that Tesla plans to
begin making, the announcement said.
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