It has upped its order to almost 2 billion lithium ion cells until 2017

In a vote of confidence where electric vehicles (EV) are concerned, Tesla Motors has decided to increase its order of lithium ion battery cells from Panasonic.

Tesla announced that it has upped its order to almost 2 billion lithium ion cells, which Panasonic will provide from now until 2017. This is a pretty significant increase from the 200 million cells Tesla is expected to have received from Panasonic in the two years ending this December.

“This expanded agreement with Panasonic is important to Tesla as we continue to increase the pace of production,” said Tesla Co-Founder and CEO Elon Musk. “We look forward to strengthening our relationship with Panasonic, and I’m confident that this partnership will continue to be an integral part of Tesla’s success for years to come.”

Panasonic's cells are expected to power the Model S and the new Model X, which will go into production by the end of 2014. 

While Tesla has a good relationship with Panasonic, the company is also looking into other suppliers to make sure it always has what it needs. Samsung and LG are just two others that Tesla is considering for future cell shipments. 

In the past, both Samsung and LG supplied cells for Tesla's electric Roadster. 

Tesla has a lot of confidence in its products and the future of EVs, and it has good reason to feel this way. The company successfully paid off its $465 million government loans nine years early, pulled a surprise profit for Q2 2013 with a revenue of $405.1 million, unveiled new tech for its Model S (swappable battery tech) and the Model S even snagged the highest safety rating from the NHTSA.

Musk certainly has no plans to develop other green car technologies right now, such as hydrogen fuel cell (he called those "bullshit" recently), so it makes sense that he's beefing up his company's number of cells for its successful EV business. 

Source: Tesla Motors

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