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Tokyo (AFP) — Japanese electronics giant Panasonic and U.S. electric vehicle maker Tesla Motors said Thursday they will jointly build and operate a huge lithium ion battery plant known as the Gigafactory.

Under the deal, Tesla will run the operations at the proposed U.S.-based plant, while its Japanese partner will make battery cells destined for the plant and invest in equipment and machinery, according to a joint statement.

The companies did not disclose financial details, a location, or other terms of the agreement.

Japanese media previously reported that Panasonic would invest as much as 30 billion yen ($290 million) in the multi-billion-dollar plant.

The pair said the large-scale plant should drive down the cost of batteries and eventually help popularize electric vehicles.

The Gigafactory will produce battery cells, modules, and packs for Tesla’s electric vehicles.

Some 6,500 people are expected to work at the facility.

“The Gigafactory is being created to enable a continuous reduction in the cost of long range battery packs in parallel with manufacturing at the volumes required to enable Tesla to meet its goal of advancing mass market electric vehicles,” the joint statement said.

AFP Photo/Justin Sullivan

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WFormer President Trump, right, and former Attorney General William Barr

Reprinted with permission from Press Run

Stunning new abuse-of-power revelations remind us of the Trump administration's complete disregard for democratic principles. We now know that over a span of years it took extraordinary legal measures, including gag orders and secret tribunals, in pursuit of email records from reporters at CNN and the Washington Post. Team Trump also unleashed the courts on Democratic members of Congress and their families trying to obtain private phone records, as well as secretly targeting a key White House attorney, who possibly fell under suspicion for not being sufficiently loyal to Trump.

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