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

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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