Making New York Great Again: Tesla, Panasonic to build solar cells in Buffalo

From Yahoo:

Japanese electronics company Panasonic and U.S. electric car maker Tesla said Tuesday they plan to begin production of solar cells at a factory in Buffalo, New York.

The two companies said they finalized an agreement calling for Tokyo-based Panasonic to pay capital costs for the manufacturing. Palo Alto, California-based Tesla made a “long-term purchase commitment” to Panasonic.

Their statement gave no financial figures.

The factory in Buffalo is under development by SolarCity Corp., a San Mateo, California-based solar panel company owned by Tesla. The photovoltaic cells and modules will be used in solar panels for non-solar roof products and solar glass tile roofs that Tesla plans to begin making, the announcement said.

Production is due to begin in mid-2017. Tesla said it will create 1,400 jobs in Buffalo, 500 in manufacturing and plans further expansion in Buffalo.

Panasonic also is to work with Tesla on next-generation technology, the companies said.

New York state has committed $750 million to build and outfit the plant at Buffalo’s RiverBend site, the centerpiece of Democratic Gov. Andrew Cuomo’s “Buffalo Billion” program to revitalize the upstate region’s largest city.

About Fossten✓ᵀᴿᵁᴹᴾᴵᴬᴺ♔ 1631 Articles
Co-Founder and CFO of Sparta Report. Strong advocate of Jeffersonian Democracy. Plays golf and video games. Resides in Charleston, South Carolina, where he will live out the rest of his days unless God picks him up bodily and puts him somewhere else.

Comment Rules

1) No doxxing. Violators of Rule 1 will have commenting privileges revoked.

2) No death threats.

3) No nudity/pornography.

4) Spamming of a product or service is not allowed and will result in an immediate revoking of commenting privileges.

5) Keep off topic discussion to open threads or the forums