Panasonic is building the world’s largest EV battery factory in Kansas

Panasonic introduced on Wednesday that it is inked a $4 billion funding cope with the state of Kansas to construct and function the world’s largest battery cell manufacturing facility. The corporate has already recognized a website close to town of De Soto, at a former ammunition manufacturing unit.

“As the biggest non-public funding in Kansas historical past and one of many largest EV battery manufacturing crops of its sort within the nation, this venture can be transformative for our state’s financial system, offering in complete 8,000 high-quality jobs that may assist extra Kansans create higher lives for themselves and their kids,” Kansas Governor Laura Kelly, a Democrat, mentioned throughout Wednesday’s press convention.

The plant will produce high-capacity cells for Tesla, in keeping with Nikkei Asia, Panasonic already collectively operates the Reno, Nevada Gigafactory with the automaker. Tesla opened a 3rd Gigafactory, in Austin, this previous April. This venture is predicted to provide 4,000 everlasting jobs on the manufacturing unit in addition to 16,500 development jobs.

Regardless of the worldwide financial shock and provide chain shortages instigated by the COVID-19 pandemic, Tesla noticed its car deliveries leap practically 90 p.c between 2020 and 2021. The corporate had begun growing a proprietary line of batteries in 2019 and has been routinely snapping up unique offers with lithium suppliers.

Equally, GM and Ford have made sizable investments in each battery and EV manufacturing services, lately. GM is spending $7 billion in Michigan alone, a part of which goes in the direction of a $2.4 billion battery and EV facility exterior Lansing, whereas Ford has put up a whopping $29 billion in the direction of its electrification and autonomous expertise commitments.

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