Panasonic Defers EV Battery Plant’s Operation In US
Panasonic Defers EV Battery Plant’s Operation In US
Points out its major customer Tesla’s sluggish sales the reason for the decision
Panasonic Holdings Corporation has postponed its plan to bring the new U.S. electric vehicle (EV) battery plant to full capacity by March 2027.
The new date to reach full production of 30 gigawatt-hours at the $4 billion plant in the U.S. state of Kansas has not been fixed.
It is Panasonic's second large-scale battery plant in the US after Nevada, which is scheduled to shortly go into mass production.
Meanwhile, Panasonic cited Tesla’s sluggish sales as the reason for the delay in its operations.
Tesla has been struggling with a series of challenges, including an ageing vehicle lineup, the end of EV tax credits and CEO Elon Musk’s public feud with U.S. President Donald Trump.
