Panasonic HD’s New US Battery Factory Excites Town of 6,300 People

Panasonic Holdings (HD) is concentrating investment in the United States for automotive batteries, one of its three growth areas. In November 2022, the company plans to start construction of a new plant in Kansas, the second location in the United States, and continue to expand its production capacity. High-end battery orders are expected to continue from Tesla, which wants to extend the cruising range of electric vehicles (EV). However, in 2022, it seems that the market share of automotive batteries dropped from third to fourth place due to the offensive by Chinese and Korean companies. Investment in line with the rapid expansion of the EV market…

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