Consumer Discretionary Panasonic Bumps up Resource Base at Gigafactory Ahead of Tesla Motors (TSLA) Model 3 Rollout

Panasonic Bumps up Resource Base at Gigafactory Ahead of Tesla Motors (TSLA) Model 3 Rollout

Published By News Desk at January 11, 2017 12:21 pm Panasonic has launched a recruitment ad for workforce resources at Gigafactory, as it produces the lithium-ion battery cells for the mass-market Model 3

Tesla is all set to begin production of its much-anticipated Model 3 electric sedan. It has already inaugurated its lithium-ion battery factory in Nevada, where Tesla Motors Inc's (NASDAQ:TSLA) partner and investor Panasonic is leading the battery packs’ production for the vehicles, as well as energy storage products.

Now, Panasonic has launched a recruitment ad for workforce resources at Gigafactory, as it produces the lithium-ion battery cells for the mass-market Model 3.

The electronics industry company is holding a special recruitment event for the purpose this weekend at Gigafactory in Sparks, Nevada. While it does not call for new hiring while working on the Model 3 project, it stated the exciting aspect of Panasonic working with Tesla on Model 3. The current job openings are for material handlers, production operators, maintenance technicians and shift leads, according to a report from Teslarati.com.

Panasonic has long been a trusted partner and supplier of battery packs for Tesla and played a supportive role when the automotive maker decided to bring the entire cell production function in-house. The company also supplied part of funds for the factory and will also be working at the plant to churn out 500,000 battery packs a year.

Both Panasonic and Tesla have been in a hurry to start producing Tesla Model 3, as analysts and some investors have begun to issue cautions about Tesla Model 3’s late entry into the market. A close rival in Chevy Bolt – a 200 mile plus mass-market affordable EV – has already gone through initial deliveries, and GM has said that it would soon roll out the vehicle nationally. Chevy Bolt has already won three prestigious awards as well before the first Model 3 has rolled off the Fremont plant.