Panasonic unveils prototype battery for Tesla


FILE PHOTO: A man is seen next to Panasonic Corp's logo at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - Panasonic's battery unit head on Monday unveiled a powerful prototype battery he said will deepen business ties with U.S. electric car maker Tesla Inc.

He also said the company had no plan to make cheaper lithium iron phosphate (LFP) batteries for electric vehicles.

Kazuo Tadanobu, the head of Panasonic's energy business, spoke during a media roundtable.

(Reporting by Tim Kelly; Editing by Christopher Cushing)

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