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Panasonic will begin constructing a $4 billion plant this month to produce batteries for electric vehicles in Kansas, USA, widely seen for supplying to Tesla.
According to Panasonic Energy President Kazuo Tadanobu, they are looking into ways to strengthen their battery production capacity in North America and meet the growing demand from their automotive partners as the global shift to EVs accelerates,
Panasonic aims to initially produce 30-gigawatt hours when it starts operating the plant in fiscal 2024 with an.
The new EV battery plant will be the company's second in the US after the "Gigafactory" in Nevada, which is jointly operated with Tesla.
