Panasonic Boosting EV Battery Production for Tesla by 10 Percent: Report

A Panasonic Corp.'s lithium-ion battery, which is part of Tesla Motor Inc.'s Model S and Model X battery packs, is pictured with Tesla Motors logo at the Panasonic Center in Tokyo, on Nov. 19, 2013. Yuya Shino/Reuters

Panasonic Holdings is set to increase the production of electric vehicle batteries at Tesla Gigafactory Nevada by roughly 10 percent by 2024, according to reports.

Nikkei Asia reports that Panasonic is looking to meet increased battery demand by optimizing the Nevada factory and sending production supervisors from Japan to the U.S. factory, which is a joint operation between Tesla and Panasonic.