"Panasonic's Breakthrough Could Slash Tesla's EV Costs in 2022"

Panasonic expects to release updated 2170 and 4680 battery cells this year, potentially enabling Tesla to offer cheaper electric vehicles. The companies have collaborated at the Gigafactory Nevada facility and are striving to stay ahead in the competitive EV landscape. Panasonic plans to increase battery production capacity by 10% and build new factories in Kansas for 2170 and 4680 cells. The location of the third factory will be announced soon, with thousands of employees expected to be hired.