Distributed Energy Resources, Industrial - July 20, 2022
Panasonic Energy to Build Kansas EV Battery Facility
Panasonic Energy Co., Ltd., a Panasonic Group company, announced an agreement to build lithium-ion battery manufacturing facility in Kansas, pending approval by Panasonic Holdings Corporation board of directors.
Kansas Gov. Laura Kelly announced that the state of Kansas has approved an Attracting Powerful Economic Expansion (APEX) state incentive application submitted by Panasonic Energy Co., Ltd.
Panasonic Energy plans to develop the project at a property in De Soto, Kansas, which is expected to drive significant economic activity and result in an investment of approximately $4 billion.
The planned facility in Kansas supports the company’s commitment to reduce global carbon emissions.
"With the increased electrification of the automotive market, expanding battery production in the US is critical to help meet demand," said Kazuo Tadanobu, President, CEO of Panasonic Energy Co., Ltd. in a statement. "Given our leading technology and depth of experience, we aim to continue driving growth of the lithium-ion battery industry and accelerating towards a net-zero emissions future.”
Panasonic Energy plans to expand its production of EV batteries, as the automotive industry shifts to more sustainable electric technologies.