Panasonic Energy, a major supplier to Tesla, has completed preparations to begin mass production of high-capacity electric vehicle batteries. The company announced plans to start supplying these advanced batteries to automakers in the near future.

The renovated Panasonic plant in Japan will serve as the main production site for the new 4680 battery cells, which boast five times the capacity of the smaller 2170 cylindrical batteries. These high-capacity batteries will enable car manufacturers to extend the driving range of electric vehicles.

Panasonic is also expanding its production footprint in the United States, with plans to build a second factory in Kansas next year.

Top 5 EV Battery Manufacturers in the World:

1. Contemporary Amperex Technology Co. Limited (CATL) - CATL is the world’s largest manufacturer of electric vehicle batteries, leading the market in advanced lithium-ion battery production. The company supplies major automakers such as Tesla and Volkswagen.

2. LG Energy Solution (LGES) - LGES, a South Korean company, ranks as the second largest EV battery manufacturer globally. It is widely represented in global production and collaborates with various car manufacturers.

3. Panasonic - Panasonic, known for its long-standing partnership with Tesla, ranks third among EV battery manufacturers.

4. BYD - BYD, another Chinese manufacturer, holds the fourth position and is rapidly growing in the EV battery market. The company is renowned for its innovative battery technologies, including the Blade battery, which utilizes LFP (Lithium Iron Phosphate) chemistry to enhance safety and reduce costs.

5. SK On - SK On ranks fifth and is a significant player in the EV battery market, known for its focus on safety, performance, and price competitiveness in battery technology.