Panasonic will invest in the gigafactory 1 battery plant, the report said. Gigafactory 1, located in Nevada, USA, is invested and built by Tesla and Panasonic. It has 13 production lines. Panasonic is mainly responsible for the battery production inside the factory. < / P > < p > gigafactory 1 was officially put into operation in 2013, and now it has become the world’s largest battery factory with a capacity of 35 GWH, which can support the production of Tesla Model 3 and energy products. < / P > < p > Tesla said earlier this year that Panasonic’s lack of battery capacity was limiting production of the model 3, leading to a tense relationship between the two companies. But with the profitability of the gigafactory 1 plant, the tension has begun to ease. < / P > < p > in May this year, Panasonic CFO Hirokazu Umeda announced that the gigafactory battery factory they built with Tesla in Nevada was finally profitable. Hirokazu Umeda also said Panasonic has seen increasing demand for batteries from Tesla, which exceeds the plant’s capacity of 35 GWH per year. To this end, the two sides are discussing issues related to the expansion of plant capacity. In June, it was reported that Tesla and Panasonic signed a three-year pricing agreement. The agreement involves Panasonic’s production and supply of power batteries at a superplant in Nevada. In addition, the agreement also sets out specific terms for pricing, planned investment and new technology, as well as Panasonic’s capacity and the number of Tesla purchases in the first two years of the agreement.