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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
--Panasonic Holdings Corp. has chosen to invest several billion dollars in an electric vehicle battery factory in Kansas, which will supply batteries for Tesla Inc., Nikkei Asia reported.
--Oklahoma was also under consideration for the plant, which will produce new high-capacity 4680 cells, Nikkei reported.
--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, Nikkei reported.
--Panasonic's first U.S. plant is in Nevada at Tesla's original "gigafactory." The Japanese company invested roughly 200 billion yen in that facility, Nikkei said.
--Panasonic representatives didn't immediately return requests for comment to Dow Jones Newswires.
Full story: https://asia.nikkei.com/Business/Automobiles/Panasonic-to-build-EV-battery-plant-for-Tesla-in-U.S.-state-of-Kansas
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
July 13, 2022 13:47 ET (17:47 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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