Tesla and Panasonic are collaborating on solar panels production in New York

Tesla and Panasonic are partnering on the production of solar panels in New York. The contract is indeed a non-binding letter of intent is contingent on Tesla’s deal to buy SolarCity.

Tesla said it’s going to use the modules and cells in a solar energy system, which will work seamlessly with Tesla’s Powerwall and Powerpack energy storage products.

Tesla and Panasonic are already working together to manufacture batteries at Tesla’s Gigafactory located in Nevada. This new collaboration would be a deployment of present SolarCity operations in Buffalo, New York.

“We are excited to expand our partnership with Panasonic as we move towards a combined Tesla and SolarCity. By working together on solar, we will be able to accelerate production of high-efficiency, extremely reliable solar cells and modules at the best cost,” said JB Straubel, Chief Technical Officer and Co-founder of Tesla in a statement.

Presumably, Panasonic will start manufacturing at the Buffalo facility in 2017 and Tesla means to offer a long-term purchase commitment for those cells. Also, Tesla and SolarCity Corp shareholders agreed last week to vote on the proposed merger between two companies on November 17th. Tesla said ahead of the vote, it would provide plans for the merged company.