Panasonic plans new massive battery plant in U.S. to supply Tesla - NHK


Tesla electric vehicles for test driving are parked in Hanam, South Korea, July 6, 2020. Picture taken on July 6, 2020. REUTERS/Kim Hong-Ji

TOKYO (Reuters) - Japan's Panasonic Corp is looking to purchase land in the United States for a mega-factory to make a new type of electric vehicle (EV) battery for Tesla Inc, public broadcaster NHK reported on Friday.

Panasonic is looking at building the factory, to cost several billion dollars, in either Oklahoma or Kansas close to Texas, where Tesla is preparing a new EV plant, NHK reported. NHK gave no timeline for Panasonic's U.S. project.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Nvidia-backed Perplexity launches AI-powered browser to take on Google Chrome
X CEO Yaccarino to step down in surprise move
Instant View: Nvidia becomes first company to hit $4 trillion in market value
Czech government bans DeepSeek usage in public administration
Nvidia clinches historic $4 trillion market value on AI dominance
Poland to report Musk's chatbot Grok to EU for offensive comments
Dubai's Emirates signs preliminary deal to add crypto to payments
Exclusive-Arm estimates a 14-fold increase in data center customers since 2021, company says
Analysis-America's largest power grid is struggling to meet demand from AI
REUTERS NEXT-Ant International 'seriously considering' stablecoin license applications

Others Also Read