Panasonic finalising choice of U.S. state for battery plant – exec
2022.06.03 09:31
FILE PHOTO: A man is reflected on Panasonic’s logo at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon/File Photo
TOKYO (Reuters) – Japan’s Panasonic (OTC:PCRFY) Holdings Corp, which makes batteries for electric car maker Tesla (NASDAQ:TSLA), is finalising a decision on which U.S. state it will choose as the site for a new battery plant, a top executive said on Friday.
“We’ve been making various considerations, but we are starting to finalise,” said Panasonic Energy Chief Executive Officer Kazuo Tadanobu, speaking to reporters during a round table event. No decision had been made yet, he added.
The Japanese conglomerate is looking at potential factory sites in Kansas and Oklahoma to supply the batteries to the U.S. electric automaker’s plant in Texas, two people with knowledge of the plan have said.
