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Panasonic to build electric car battery factory in US

Panasonic Corporat ion has chosen Kansas as its new US electric vehicle battery plant, according to the state’s Governor Laura Kelly.

The electronics giant plans to build its multibillion-dollar gigafactory in De Soto, a small town just outside Kansas City. It will supply Tesla’s new electric car factory in Texas and other automakers based in the country.

Panasonic already has an EV battery manufacturing joint venture with Tesla in Nevada and announced earlier this year that it will also build an electric battery plant in Japan to also supply Tesla.

The announcement followed the state Legislature’s approval of a $1 billion stimulus package, its largest to date, mostly in tax breaks to help secure the investment and the “thousands of jobs” it would create. It beat out a $700 million stimulus package offered by neighboring Oklahoma.

The state administration said the plant would be the largest economic development project in Kansas history. The plant is expected to employ approximately 4,000 people directly in high-paying jobs at full capacity, with more created in the supply chain and facilitating business.



Panasonic to build electric car battery factory in US

Source link Panasonic to build electric car battery factory in US

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