Panasonic says Oklahoma no longer candidate for new battery plant
2023.12.20 01:50
© Reuters. A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/file photo
TOKYO (Reuters) -Panasonic Energy, a unit of Panasonic (OTC:) Holdings, on Wednesday said Oklahoma was no longer a candidate for a new electric vehicle battery plant in the United States.
The decision by the battery supplier to EV maker Tesla (NASDAQ:) came after the company in April said it was considering building a plant in Oklahoma, its third in the U.S.
“After careful deliberations, we have made the decision not to move forward with developing the site,” Panasonic Energy said in a statement.
“This decision will not impact our operations in Nevada or Kansas,” according to the statement.
The company also said it has made “a long-term commitment to investing in and advancing the EV industry in the U.S.” to deliver the highest-quality batteries.
