Panasonic is building the world’s largest EV battery factory in Kansas

Panasonic announced Wednesday that it has entered into a $4 billion investment deal with the state of Kansas to build and operate the world’s largest battery cell manufacturing facility. The company has already identified a site near the town of De Soto in a former munitions factory.

“As the largest private investment in Kansas history and one of the largest electric vehicle battery manufacturing facilities of its kind in the state, this project will transform our state’s economy and create a total of 8,000 quality jobs that will help more Kansas make better lives for themselves and theirs.” Kids,” Kansas Gov. Laura Kelly, Democrat, said during Wednesday’s news briefing.

The plant will therefore produce high-performance cells for Tesla Nikkei Asia. Panasonic already operates the Gigafactory in Reno, Nevada together with the car manufacturer. Tesla opened a third gigafactory in Austin last April. This project is expected to create 4,000 permanent jobs at the factory and 16,500 jobs in construction.

Despite the global economic shock and supply chain bottlenecks caused by the COVID-19 pandemic, Tesla saw vehicle deliveries increase nearly 90 percent between 2020 and 2021. The company had begun developing its own battery line in 2019 and routinely snagged exclusive battery deals with lithium suppliers.

Similarly, GM and Ford have both made significant investments in both battery and EV manufacturing facilities in recent years. GM is spending $7 billion in Michigan alone, a portion of which will go to a $2.4 billion battery and electric vehicle facility outside of Lansing, while Ford is spending a whopping $29 billion on its electrification and autonomous vehicles provided technology commitments.

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