Panasonic Energy fortifies battery supply chain with new graphite deal

URLhttps://www.supplychaindive.com/news/panasonic-ene
SourceSupply Chain Dive
Date Published02/23/2024
Author NameKate Magill

Additional Reshoring Information:

Company/Division name Panasonic with Nouveau Monde Graphite
Parent companyPanasonic with Nouveau Monde Graphite
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2027
Capital investment ($):25
Country(ies) from which reshored:Canada,Japan
City reshored to:De Soto, Kansas and Reno, NV
State(s) reshored to:KS
If relevant, work nearshored to:-
Industry(ies):Chemicals, Electrical Equipment, Appliances & Components
Product(s) reshoredSynthetic Graphite(NMG) & EV batteries (Panasonic)
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Govt. Policy and subsidies, Higher productivity, Image/brand, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Raw Materials Cost, IRA
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