Panasonic is looking at Oklahoma as the location for its new plant, the newspaper said. In July, Panasonic selected Kansas as the site for a new battery plant that state officials said would create up to 4,000 jobs with investment of up to $4 billion. At that time, the Oklahoma Department of Commerce said it and its partners "continue(d) to work with Project Ocean," Panasonic's battery factory project, and were "optimistic for additional opportunities with them in the future". The Japanese conglomerate also said it was looking at potential factory sites in Kansas and Oklahoma to supply the batteries to Tesla's plant in Texas. Panasonic has partnered with Tesla for more than a decade, supplying batteries from its factory in Nevada, California.

Source: Wall Street Journal May 08, 2024 15:04 UTC