Reuters reveals Tesla supplier Panasonic eyes 20% jump in battery density by 2030

Reuters exclusively reported Panasonic Energy Co, a major Tesla supplier, is working on new technology to increase battery energy density by a fifth by 2030. As more automakers roll out electric vehicle (EV) models, investors are looking for evidence that Tesla and established battery suppliers like Panasonic can keep their lead in the industry. The battery system is the most expensive element of an EV, and improved performance and lower costs are seen as key to sustaining gains in global sales.