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Panasonic Plans Another $4 Billion EV Battery Factory in US – WSJ

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News Tech: Aug 26 (Reuters) – Panasonic Holdings Corp (6752.T), a supplier to electric-car maker Tesla Inc (TSLA.O), is in talks to build an additional electric vehicle (EV) battery plant in the United States at a cost of around $4 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.

In July, Panasonic selected Kansas over Oklahoma as the site for a new battery plant that state officials said would create up to 4,000 jobs with investment of up to $4 billion. read more

Panasonic is looking at Oklahoma as the location for its new plant, the newspaper said. (https://on.wsj.com/3pJJs1F)

The Japanese conglomerate also said it was looking at potential factory sites in Kansas and Oklahoma to supply the batteries to Tesla’s plant in Texas. read more

RegisterReporting by Jaiveer Singh Shekhawat in Bengaluru and Satoshi Sugiyama in Tokyo; Editing by Jacqueline Wong

Source: Reuters Trust Principles.

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