Panasonic says plans for third U.S. EV battery plant still on

Japanese company recently dropped plan to build facility in Oklahoma

panasonic ces

Panasonic plans to increase its EV battery production capacity dramatically in the coming years.  © Getty Images

RYOHTAROH SATOH, Nikkei staff writer

LAS VEGAS, U.S. -- Panasonic Energy still plans to build a third electric vehicle battery plant in the U.S. despite scrapping a tentative plan last year to build a facility in Oklahoma, an executive told Nikkei Asia.

Allan Swan, president of Panasonic Energy of North America, discussed the plans on the sidelines of the CES electronics trade show in Las Vegas on Monday. Swan did not provide details but said the company, which supplies Tesla, still needs "more plants" to reach its goal of increasing annual production capacity from 50 gigawatt-hours currently to 200 gigawatt-hours by 2031.

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