Tesla Motors Inc (TSLA.O) had an obligation to pay a total of about $1.7 billion to Japan’s Panasonic Corp (6752.T) as of Sept. 30 for electric vehicle battery cells made at Tesla’s gigafactory in Nevada, the carmaker said in a regulatory filing.
The $1.7 billion figure is unchanged from filings in October.
Panasonic, Tesla’s longstanding battery partner, agreed in 2014 to invest in equipment, machinery and other manufacturing tools at the gigafactory, which will make cylindrical lithium-ion cells for Tesla’s cars.
