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...The Kansas factory is likely to be partly funded by the ¥400bn ($3bn) Panasonic has set aside to invest in growth areas such as EV batteries, supply chain software and air conditioners over three years until...
...The move comes as demand weakens for Panasonic’s consumer electronics and factory automation equipment in some markets including China....
...Umeda said that Panasonic had cut automotive battery production in Japan — where it produces the batteries for the more expensive Tesla models including the Model S and Model X — by 60 per cent compared...
...Panasonic’s battery plants include two in the US and one in Mexico, and the company plans to add two more in North America before 2031, according to a May interview with Reuters....
...Tesla-supplier Panasonic has successfully positioned itself as one of the biggest battery makers for electric vehicles in the US....
...Still keen Panasonic Energy still plans to build a third electric vehicle battery plant in the US despite scrapping a tentative plan last year to construct a facility in Oklahoma, writes Nikkei Asia’s Ryohtaroh...
...Japan’s Panasonic has cut back its automotive battery production at home, where it produces batteries for the more expensive Tesla models including the Model S and Model X....
...In the same way, new battery materials and solid state breakthroughs are a constant threat to existing makers. For the moment, Panasonic is positioned well as one of Tesla’s biggest suppliers....
...Japan's Panasonic, which supplies Tesla and partners with Toyota, is in talks with Mazda and Subaru as it prepares to quadruple its US battery capacity....
...China’s CATL and BYD are the biggest EV battery providers, while SK On is the world’s third-largest non-Chinese supplier, behind South Korean rival LG Energy Solution and Japan’s Panasonic....
...BYD, or Build Your Dreams, is no less impressive....
...The IRA has already prompted an investment spree by Japanese manufacturers with Panasonic, Toyota, Honda, Bridgestone and others announcing additional spending plans in the US....
...The shift to electric car batteries has been the right strategy. Panasonic has become the world’s fourth-largest maker and one of Tesla’s biggest suppliers....
...A battery manufacturer could lease the battery to a carmaker, then a consumer, and then reuse or recycle it after it can no longer power a vehicle....
...But batteries are highly carbon intensive to produce, resulting in significant emissions from Panasonic’s own factories and supply chains....
...Toyota is also working on the technology with Panasonic through their joint battery venture....
...Some companies, however, like Panasonic, have also developed the technology to produce cobalt-free batteries and are now working on reducing the use of nickel....
...Whether Chinese battery makers can access the US car market will have significant implications for CATL’s Korean rivals — LG, SK and Samsung — as well as Japan’s Panasonic, companies that have hoped for...
...But Tesla’s new batteries are set to upend the hierarchy of the industry for good. Panasonic and LG Energy Solution have long been the leading suppliers....
...Panasonic clings to No 4 ranking Japanese electronic conglomerate Panasonic Holdings, once the world’s largest producer of electric vehicle batteries, plans to invest around $4bn in a new plant in the US...
...suppliers — but no details were given....
...And while Tesla has partnered with Panasonic to build the Gigafactory, battery cells and components in North America available to GM were limited....
...Suggested reads Rapidus confident Japan can close ‘20-year’ gap with global chip leaders (Nikkei Asia) Panasonic’s EV battery unit boosts US supply chain with potential alternative to materials from China...
...In 2018, Beijing allowed Tesla to open a gigafactory in Shanghai making the Model 3 with Panasonic batteries and eligible for the full suite of government support....
...One example is ReelShort, an app owned by Beijing-based COL Group, a digital publisher backed by Tencent and Baidu....
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