Panasonic plans one other $4 billion U.S. EV battery plant

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This will be located in Oklahoma, to join the one planned for Kansas

Panasonic is reportedly conducting discussions to build a third electric vehicle battery plant within the US.

The Japanese organization currently jointly runs a battery plant with Tesla in Nevada, and also has gained approval to build an extra battery plant in Kansas. Nonetheless, as The Wall Street Journal The Wall Street Journal states, people knowledgeable about the issue think Panasonic wishes to construct a third plant, and is willing to invest yet another $4 billion while doing so.

Probably the most probable location for this third manufacturing plant is Oklahoma, and it would function as a counterpart to the Kansas plant. Both would manufacture new EV batteries at the same rate to stay on top of growing demand for the vehicles. The Kansas facility is also anticipated to be priced at $4 billion as well as create 8,000 jobs in the process. Oklahoma would definitely undoubtedly appreciate a similar rise to local area work if the new facility proceeds.

In the meantime, no one is commenting, including Oklahoma Gov. Kevin Stitt. However, it’s worth taking note that EV startup Canoo is gearing up to start off producing motor vehicles at a factory in Oklahoma, and the business signed a battery supply deal with Panasonic last year. Canoo is additionally set to supply Walmart with 4,500 all-electric delivery vehicles next year.

Back in February, Panasonic made known that it would begin assembly-line production of Tesla’s new 4680 battery at the end of March 2024. Having said that, that production is preparing for fresh lines at the company’s Wakayama plant within Japan.

The all new facility in Kansas, and now most likely Oklahoma, will likely also manufacture the 4680 batteries when they come online, and Tesla believes are essential if we want EVs that set you back $25,000 or less.

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