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Panasonic cools on idea for third US plant for Tesla batteries

Baua Electric

The 2024 Model 3 / Source: Tesla Panasonic, makers of batteries for Tesla in the US, is delaying its plan to build a third battery plant in North America, according to Reuters. Panasonic Group CEO Yuki Kusumi told Reuters that the company is holding off on building a third plant as “demand for electric vehicles cools.”

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Panasonic considering new US-based facility to supply batteries for Tesla: report

Teslarati

Longtime Tesla battery partner Panasonic is reportedly weighing the idea of building a new battery plant in the United States. Panasonic announced back in February that its energy division would be building a 4680 battery cell production facility at its Wakayama Factory in western Japan. .

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EXCLUSIVE: ‘Rivian wanted what Georgia had’: How the Peach State became Rivian’s $5B match

Teslarati

While sifting through requests from various companies who were interested in the site and ultimately coming up with no buyers, Wilson knew the right company would eventually show up to build on the land. ” Rivian will build its next EV manufacturing plant in Georgia. The next was selling Rivian on the idea.

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