Investing
Panasonic plans new battery production capacity in North America by 2030
© Reuters. FILE PHOTO: A pedestrian is reflected in a sign at Panasonic Center in Tokyo, Japan, Feb. 3, 2016. REUTERS/Yuya Shino/File Photo
TOKYO (Reuters) – Panasonic (OTC:) aims to roll out new large-scale production capacity for 4680 battery cells in North America by 2030, it said in materials posted on its holdings company’s website on Thursday.
Panasonic’s energy unit makes auto batteries for electric vehicle maker Tesla (NASDAQ:) Inc. The company aims to reach production capacity of 200 gigawatt hours per year for automobile batteries by March 2031, it said.
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