Japan’s Panasonic Energy has selected Kansas as the site for its new battery facility for electric vehicles (EVs) with an investment estimated to be up to $4 billion (£3.3bn).
The state of Kansas approved the application for “the biggest business investment project in Kansas’ history” for the lithium-ion battery manufacturing plant in De Soto, which is expected to create up to 4,000 new jobs.
Governor Laura Kelly said: “This project will be transformative for the Kansas economy, providing high-quality, high-tech jobs while bringing a new industry to the state that is forging a more sustainable future.
“This is a significant milestone for Kansas that is sure to drive economic growth and development.”
We just landed the biggest business investment project in Kansas’ history.
This means 4,000 new jobs coming to KS, $4 billion injected into the KS economy, and more opportunities in our state than ever before.
We put Kansas back on the map, and we’re just getting started.
— Laura Kelly (@LauraKellyKS) July 13, 2022
The announcement, which is pending approval by Panasonic Holdings Corporation Board of Directors, comes five years after the group started production of lithium-ion batteries at Panasonic Energy of North America (PENA) in Sparks, Nevada.
The facility has so far shipped more than six billion EV battery cells.
Kazuo Tadanobu, President, CEO of Panasonic Energy Co., Ltd added: “With the increased electrification of the automotive market, expanding battery production in the US is critical to help meet demand.
“Given our leading technology and depth of experience, we aim to continue driving growth of the lithium-ion battery industry and accelerating towards a net zero emissions future.”