Panasonic Picks Turner And Yates To Build $4bn Kansas EV Battery Plant

Date Published03/06/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Panasonic
Parent companyPanasonic
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):4000
Country(ies) from which reshored:Germany
City reshored to:De Soto
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?Government Incentives, US Inflation Reduction Act
Government Incentive dollar amount:$3,750 per vehicle built
Find Reshoring Articles