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Under the agreement, which is a non-binding letter of intent,
Tesla said it will use the cells and modules in a solar energy
system that will work seamlessly with its energy storage
products Powerwall and Powerpack.
The Japanese company is already working with the U.S. automaker
to supply batteries for the Model 3, its first mass-market car.
Panasonic is expected to begin production at the Buffalo
facility in 2017 and Tesla intends to provide a long-term
purchase commitment for those cells, Tesla said in a statement,
adding the agreement is contingent on shareholders' approval of
its acquisition of SolarCity.
Last week Tesla and SolarCity Corp shareholders agreed to vote
on the proposed merger on Nov. 17, and the automaker said it
would provide plans for the combined company ahead of the vote.
(Reporting by Vishal Sridhar in Bengaluru; Editing by Sunil
Nair)
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