Panasonic cools on idea for third US plant for Tesla batteries
January 23, 2024
Panasonic, makers of batteries for Tesla in the US, is delaying its plan to build a third battery plant in North America, according to Reuters.
Panasonic Group CEO Yuki Kusumi told Reuters that the company is holding off on building a third plant as “demand for electric vehicles cools.” A third location was expected to be announced soon, and with it thousands of new jobs and the company…