 Panasonic Healthcare was later renamed as PHCHD, which stands for Panasonic HealthCare HD.In July 2014, it was announced that Panasonic has reached a basic agreement with Tesla Motors to participate in the Gigafactory, the huge battery plant that the American electric vehicle manufacturer plans to build in the U.S.In August 2014, Tesla said the plant would be built in the Southwest or Western United States by 2020.