Most of the solar cells made by Panasonic at Tesla Inc's New York manufactu...
LOS ANGELES/TOKYO - Most of the solar cells made by Panasonic at Tesla Inc’s New York manufacturing plant are being purchased by H.R.D. Singapore’s factories in the Philippines, a chief supplier of panels to Japanese eco-homebuilder Ichijo Co Ltd, two sources familiar with the arrangement said.
Until now, the identity of the buyer of the Panasonic cells, which Panasonic is producing at the Tesla facility under an agreement struck in 2016, has not been published. The sources said H.R.D.’s factories in the Philippines were now taking the lion’s share of the solar cells from the Buffalo plant, presumably to assemble them into solar panels. They did not provide estimates on the volume or value of the cells going to H.R.D., saying only the shipments accounted for most of the cell production from the facility.
Panasonic partnered with Tesla in 2016 to make solar cells, as well as full solar panels, at the Buffalo facility after Tesla inherited the plant in its acquisition of SolarCity. Panasonic was forced to find other buyers due to low demand from Tesla, whose purchases of the cells have been sporadic, an employee at the Buffalo factory said. The automaker does not have an exclusive supply arrangement with Panasonic.
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