Panasonic plans to build another traction battery plant in the
Hardware

Panasonic plans to build another traction battery plant in the United States

The USA is the third largest market for electric vehicles after China and Europe, which is why many manufacturers of traction batteries want to locate their factories here in order to optimize production logistics and profitability. Panasonic is no exception and expects to start manufacturing lithium batteries at a new location in the US by 2024.

    Image source: Panasonic

Image source: Panasonic

As the oldest partner of Tesla, Panasonic Corporation is primarily focused on the needs of this electric vehicle manufacturer when planning the construction of a new plant in the USA and can therefore master the production of type 4680 batteries in Oklahoma close to the new Tesla plant in Texas. If the existing Nevada facility is self-funded by a Japanese company with Tesla, the new facility will be fully controlled by Panasonic. In the future, the company intends to arrange delivery of its products to other customers.

Although in the text of the publication on the pages Nikkei Asian Review Batteries of the type 4680 are not mentioned in plain text, but it is obvious that their production will start in April 2024 at a company in the USA. Mass production of such battery cells is scheduled to start a year earlier at Panasonic’s plant in Wakayama Prefecture, Japan. The new type of battery will be used by Tesla in the Cybertruck pickup, semi-truck and upgraded Model Y crossovers. All of these electric vehicles are being built in Texas, so Tesla is keen to have an alternative source of compatible batteries nearby.

In Nevada, Panasonic and Tesla jointly produce batteries with a combined capacity of 39 GWh per year. The Japanese group’s new American company will show a comparable performance. In Texas, Tesla can begin producing up to 500,000 electric vehicles per year, and the company will also produce some of the batteries needed to assemble cars there. At the end of 2021, Panasonic ranked third in the global EV lithium battery market with a 12% share, behind South Korea’s LG Energy Solution (20%) and China’s CATL (33%).

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Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

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