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| Name | Symbol | Market | Type |
|---|---|---|---|
| Panasonic Holdings Corporation (PK) | USOTC:PCRFY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 9.36 | 0.00 | 01:00:00 |
From May 2022 to May 2024
By Denny Jacob
Panasonic Energy Co. said Wednesday a proposed lithium-ion battery factory is coming to Kansas, pending the company's board approval.
The Panasonic Group company said a state incentive application submitted to Kansas was approved.
The company said the project could create up to 4,000 new jobs and result in an investment of about $4 billion. Panasonic said it has identified a site in De Soto, Kansas, for the potential project.
Nikkei Asia reported earlier Wednesday that the company chose Kansas to supply a new high-capacity battery for Tesla Inc. The report said Panasonic chose the site of the new facility because of its proximity to Texas, where Tesla opened a factory in Austin earlier this year, as well as its favorable tax environment.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
July 13, 2022 18:51 ET (22:51 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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