Lucid Picks Panasonic as Battery Supplier for Its Luxury EVs

URLhttps://www.designdevelopmenttoday.com/industries/
SourceDesign and Development Today
Date Published12/14/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Panasonic Energy with Lucid Group
Parent companyPanasonic Energy with Lucid Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Country(ies) from which reshored:Japan
City reshored to:DeSoto
State(s) reshored to:KS
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredev batteries
What domestic positive factors made reshoring more attractive?Eco-system synergies, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Raw Materials Cost
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