7th August 2022
EP Report

Japanese electronics giant Panasonic said recently it will spend $4 billion to build a new battery factory in the United States for electric vehicles.

 

The lithium-ion battery plant in Kansas could create up to 4,000 new jobs, Panasonic said, as the Tesla supplier drives to expand its presence.

 

‘With the increased electrification of the automotive market, expanding battery production in the US is critical to help meet demand,’ Kazuo Tadanobu, president and CEO of Panasonic Energy, said in a statement.

 

The factory will be Panasonic's second electric car battery operation in the United States, joining its facility in Nevada.

 

The announcement comes with Tesla struggling to boost production, after unveiling two new factories in Germany and the US state of Texas earlier this year.


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