Panasonic Energy, Kansas to Partner on $4 Billion EV Battery Factory
July 13 2022 - 7:06PM
Dow Jones News
By Denny Jacob
Panasonic Energy Co. said Wednesday a proposed lithium-ion
battery factory is coming to Kansas, pending the company's board
approval.
The Panasonic Group company said a state incentive application
submitted to Kansas was approved.
The company said the project could create up to 4,000 new jobs
and result in an investment of about $4 billion. Panasonic said it
has identified a site in De Soto, Kansas, for the potential
project.
Nikkei Asia reported earlier Wednesday that the company chose
Kansas to supply a new high-capacity battery for Tesla Inc. The
report said Panasonic chose the site of the new facility because of
its proximity to Texas, where Tesla opened a factory in Austin
earlier this year, as well as its favorable tax environment.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
July 13, 2022 18:51 ET (22:51 GMT)
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