Tesla own the Gigafactory but lease the manufacturing equipment from Panasonic on a per-cell-manufactured basis. Tesla have just bought Maxwell, a lithium cell

Tesla own the Gigafactory but lease the manufacturing equipment from Panasonic on a per-cell-manufactured basis. Tesla have just bought Maxwell, a lithium cell and supercapacitor IP company. Panasonic effectively make the cells (through quite a convoluted financial arrangement with Tesla), but Tesla make the batteries, which is a crucial distinction. An EV battery pack is inordinately more complex than a bundle of li-ion cells. https://electrek.co/2019/05/16/tesla-completes-maxwell-acquisition-battery-technology/ https://electrek.co/2019/05/16/tesla-completes-maxwell-acqui...