Tesla supplier Panasonic Energy says cutting China supply for U.S. business a ‘No. 1 objective’

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Tesla supplier Panasonic Energy says cutting China supply for U.S. business a ‘No. 1 objective’
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The comments highlight how Trump’s pledge to raise tariffs on imported Chinese goods has forced companies around the world to reassess their manufacturing processes

supplier Panasonic Energy plans to eliminate its supply-chain dependence on China for electric vehicle batteries made in the United States, a senior executive told Reuters, calling the shift a “No. 1 objective”.

Trump has vowed to impose tariffs of 10 per cent on global imports into the U.S., along with a 60 per cent tariff on Chinese goods. In November, he specifically pledged a 25 per cent tariff on imports from Canada and Mexico when he takes office on Jan. 20. The bulk of the raw materials for Panasonic Energy’s U.S.-made batteries come from overseas suppliers, including ones from Canada, Swan added.

 

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