, when “people familiar with the matter” indicated that the site of the facility will be either in Kansas or Oklahoma.The Japanese brand’s CEO didn’t give away the location just yet, saying that the site will be announced by March 2024 and that there are several candidates in mind. However, with Panasonic already building its second factory in Kansas, rumors are saying that the third facility will break ground in Oklahoma.
The reason behind another plant is the cell maker’s plan to massively ramp up production in the near future, quadrupling its manufacturing capacity and boosting the energy density of its battery by 25 percent by the end of the decade., Panasonic’s lithium ion cells had an energy density of 800 watts per liter in 2022 and the plan is to increase it to 1,000 watts per liter in 2030.
Regarding the third factory in the US, Tadanobu said that it will have a similar capacity to that of the Kansas site, or about 30 gigawatt-hours per year.By 2031, Panasonic will expand its global battery production and procurement capacity to 200 GWh, up from 50 GWh in the fiscal year that ended March 31, 2023. As a result, the Japanese company’s CEO predicts revenue will also quadruple to about $17.9 billion in the same period as EV sales take off.
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Source: Reuters - 🏆 2. / 97 Read more »