US EditionPanasonic to Delay Production at Kansas Battery Plant as Electric Car Sales Decline, Policies Shift
DE SOTO, KANSAS, JUL 11 – Panasonic postpones ramp-up at its $4 billion Kansas battery plant due to Tesla's weakening EV sales after U.S. tax credit removal, delaying 30 GWh production target indefinitely.
- Panasonic has postponed its goal of achieving an annual output of 30 gigawatt-hours at its $4 billion battery facility in De Soto, Kansas, initially scheduled for completion by March 2027.
- This delay follows declining electric vehicle sales, particularly weaker demand from Tesla, its primary customer, amid changing U.S. policies and reduced tax credits.
- The De Soto plant started construction in 2023, received significant Kansas tax incentives through the APEX program, and aims to create around 4,000 jobs in the state.
- De Soto Mayor Rick Walker acknowledged the expected slowdown in electric vehicle sales and expressed concern that government actions have consistently hindered the efforts of a company bringing jobs back to the area.
- The delay suggests Panasonic must find alternative buyers for its batteries while the grand opening proceeds, and the timing for full production remains undecided.
19 Articles
19 Articles
Panasonic to delay production at Kansas battery plant as electric car sales decline, policies shift • Kansas Reflector
Kris Takamoto, the executive vice president of Panasonic's North America division, announces the $4 billion De Soto battery plant in 2022 in Topeka. Decreasing electric vehicle sales and changing U.S. policies are changing the plant's timeline to full production. (Sherman Smith/Kansas Reflector)TOPEKA — Panasonic is delaying full production in its De Soto battery plant because of dropping electric car sales and U.S. policies that do not support …
Tesla has presented a new megaloading season in one of its most controversial moments. Apart from a public and open dispute between Elon Musk and Donald Trump, Tesla goes through a serious stretch in terms of vehicle sales. The US firm reported a 13% loss in global sales during the second quarter of the year. It scored a total of 384 122 cars delivered in the last three months. This decline represents the second consecutive drop and puts the com…
Tesla Sales Slump Prompts Panasonic To Delay $4 Billion US Battery Plant Expansion: Report - Panasonic Holdings (OTC:PCRHY), Panasonic Holdings (OTC:PCRFF)
Panasonic Holdings delays full production at 2nd US battery plant worth $4B due to Tesla's sluggish sales figures.
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