Panasonic to build $4bn EV battery plant for Tesla in U.S.

SourceNikke Asia
Date Published07/14/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Panasonic Energy of North America
Parent companyPanasonic Holdings Corporation
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):4000
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Capital investment ($):4000
Country(ies) from which reshored:Japan
State(s) reshored to:KS
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredelectric vehicle battery
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Rahm Emanuel, the U.S. Ambassador to Japan
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