Panasonic drops plan for EV battery factory in Oklahoma

Company plans to continue to expand business in North America

20231220 panasonic

Panasonic said on Dec. 20 that it will drop its plan to build an EV battery plant in Oklahoma and will focus on a plant under construction in Kansas. (Photo by Atsushi Ooka)

RYOHTAROH SATOH, Nikkei staff writer

TOKYO -- Panasonic Energy, a supplier to Tesla, said Wednesday it is dropping its plan to build a battery factory in Oklahoma after "careful deliberations," without going into specifics. The plant would have been its third in North America.

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