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Panasonic plans to build two or more battery factories in North America by 2030 – XMDailyFX

Panasonic plans to build two or more battery factories in North America by 2030

On May 18th, Panasonic Corporation of Japan announced on Thursday that it plans to increase the production capacity of 4680 batteries by 2030 by building two or more factories in North America to meet the growing demand for electric vehicles. Panasonic is one of Tesla’s battery suppliers, and according to a report on its website, the company plans to increase its automotive battery production capacity to 200 gigawatts per year by March 2031, approximately four times the level at the end of March. The CEO of Panasonic Group stated that the company has not yet decided which region in North America to increase production capacity, possibly in Nevada, Kansas, or elsewhere.

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