Panasonic Plans Multiple New Battery Factories In North America By 2030

18 May 2023 | Abstracted from Reuters

"The company, whose energy unit makes batteries for Tesla Inc (TSLA.O), seeks to boost its auto battery capacity to 200 gigawatt hours per year by March 2031, about four times its level at the end of March...Panasonic plans to build at least two new factories for 4680 battery production in North America by 2030...Panasonic has yet to decide where in North America it will add the production capacity."

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