Panasonic to invest ‘billions of yen’ in Tesla’s Nevada gigafactory

Panasonic will invest “tens of billions of yen” — hundreds of millions of dollars — in Tesla’s Nevada gigafactory, according to a statement made by Panasonic’s CEO at a trade show in Japan. The gigafactory will produce lithium-ion batteries for Tesla’s electric cars and stationary storage devices. “Our initial investment amount in the factory will be…