Japan’s Panasonic plans to build a $4bn plant in Kansas to boost battery production in the US as it gambles on expanded sales of Tesla’s electric vehicles.
The Japanese group, the world’s third-largest producer of EV batteries behind CATL and LG Energy Solution, already jointly operates a $5bn gigafactory in Nevada with Tesla. Elon Musk’s electric carmaker opened its second electric vehicle factory in Texas in April.
Panasonic’s new plant in Kansas is expected to create about 4,000 jobs and include a facility for research in next-generation battery technology, according to Rahm Emanuel, US ambassador to Tokyo.
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