Technology Panasonic to build $4bn battery plant in US to meet Tesla demand by News Line July 14, 2022 written by News Line July 14, 2022 13 views 13 Panasonic to build $4bn battery plant in US to meet Tesla demand Panasonic will build a $4 billion electric vehicle battery plant in the United States. Japanese electronics company Panasonic said on Thursday it would spend $4 billion to build a new battery factory for electric vehicles in the United States. Panasonic management said the lithium-ion battery plant in Kansas could create 4,000 new jobs, as the Tesla supplier moves to expand its presence. Kazuo Tadanobu, President and CEO of Panasonic Energy, said in a statement: “With the growing power of the automotive market, increasing battery production in the United States is critical to helping meet demand.” China to launch crewed mission to build space station Audience Precision releases Precise 360 technology platform The announcement comes after the unveiling of two new factories in Germany and the US state of Texas earlier this year, in a bid to boost Tesla’s production. A good step towards change Panasonic’s decision was welcomed by Kansas Governor Laura Kelly as a “transformation” for the local economy. The new factory is expected to be located in De Soto, Kansas, although the move is subject to Panasonic’s board approval. The decision was also welcomed by US Ambassador to Japan Raheem Emmanuel, who called Kansas “a vote of confidence” in the US economy to be “one of the largest battery production sites for the next generation of electric vehicles.” Workers The second largest electric car battery operation The plant will be Panasonic’s second electric car battery operation in the United States, to be added to its facility in Nevada. 0 comment 0 FacebookTwitterPinterestEmail News Line Blogger and Content writer previous post Emma Raducanu: the favorite athlete for children in the UK next post Samsung Galaxy M13, M13 5G with 50MP camera launched: Price, specs, features Related Posts How to Boost Company Morale with Virtual Escape Rooms? July 27, 2023 James Webb Space telescope Detects Supermassive Black Hole July 17, 2023 How to save Electricity bill? 5+ Electricity Bill Saving Tips July 15, 2023 Is OpenAI’s ChatGPT generating false information? Probe launched July 14, 2023 Meta launches Threads — an app aimed to ‘kill’ Twitter July 6, 2023 Space-X mission lifts off including the former NASA astronaut May 22, 2023 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment.