Tesla and Panasonic are rumored to be behind a multibillion-dollar battery factory project with $700M in incentives on the line in Oklahoma

URLhttps://electrek.co/2022/04/20/tesla-panasonic-rum
Sourcehttps://electrek.co
Date Published04/20/2022
Author NameFred Lambert
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Panasonic
Parent companyPanasonic Corporation
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Domestically, the work will be done:In-house
Country(ies) from which reshored:Japan
State(s) reshored to:OK
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbattery for EV
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$700 million in incentives
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