Latest news with #PanasonicEnergy
Yahoo
6 days ago
- Automotive
- Yahoo
Panasonic Energy opens new EV battery factory in Kansas, US
Panasonic Energy, part of the Japanese electronics company Panasonic Group, has unveiled its new electric vehicle (EV) battery factory in De Soto, Kansas, US. It is Panasonic Energy's second site in the US, following the Nevada factory established in 2017. Spanning approximately 121ha, the new site will manufacture cylindrical lithium-ion batteries and address the rising demand from automotive customers for electric vehicle production. The Kansas facility has begun mass production of 2170 cells, with plans to reach an annual production capacity of 32 GWh. Through both sites, Panasonic aims to significantly boost its US-based production capacity to approximately 73 GWh once fully operational. The Kansas factory's new labour-saving production lines will boost productivity by about 20 per cent over the Nevada factory. Panasonic Energy also plans to launch products with advanced materials, increasing cell capacity by approximately 5 per cent. These initiatives aim to enhance the domestic supply chain for EVs in the US. The new site will create up to 4,000 direct jobs and approximately 8,000 jobs in total. Additionally, the company is collaborating with educational institutions to promote long-term industry-academia partnerships focused on technological advancement and specialised talent development. Kazuo Tadanobu, CEO of Panasonic Energy, expressed his gratitude towards local partners and the State of Kansas for the new factory. 'Together, we are accelerating the shift to electrification, reinforcing regional supply chains, and nurturing the next generation of battery talent,' he added. "Panasonic Energy opens new EV battery factory in Kansas, US" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NHK
15-07-2025
- Automotive
- NHK
Panasonic starts mass production at EV battery plant in US
A subsidiary of Japanese electronics giant Panasonic Holdings has started mass producing EV batteries at a factory in the US state of Kansas. Panasonic Energy held a ceremony on Monday. The company has invested 4 billion dollars to build the plant, its second in the US. The facility's annual output capacity is expected to be enough to power 450,000 electric vehicles. There are plans to hire up to 4,000 workers. But the full production that was initially targeted by the end of March 2027 has been effectively postponed. That's partly due to falling sales at the company's key customer, Tesla. Another unfavorable factor for Panasonic is that US tax breaks for EV purchases are set to expire in September. This will likely mean a challenging business climate just as the company is trying to diversify its customer base.
Nikkei Asia
11-07-2025
- Automotive
- Nikkei Asia
Panasonic delays full production at US battery plant as Tesla sales drop
Panasonic Energy's plant in the U.S. state of Kansas as of June 2024. Tesla's troubles and Donald Trump's skepticism have persuaded the Japanese electronics giant to delay full production at the plant. (Photo by Panasonic Energy) Nikkei staff writers OSAKA -- Tesla supplier Panasonic Holdings has backpedaled on its internal goal for electric vehicle battery production at a U.S. factory in the state of Kansas, Nikkei has learned. While the Japanese electronics giant was initially aiming for full production of an annual 30 gigawatt-hours by the end of March 2027, it will postpone the target date.
The Star
29-06-2025
- Business
- The Star
Charging up green knowledge among kids
The campaign involved 30,000 pupils from 20 Klang Valley schools and the collection of more than 100,000 batteries for safe recycling. A GREEN campaign at school has been recognised for collecting the largest number of batteries for recycling in a single event. Panasonic Energy For Green Future School Recycling Campaign 2.0 involved more than 30,000 pupils from 20 primary schools across the Klang Valley. Their feat of donating more than 100,000 used batteries for safe recycling was recognised by Malaysia Book of Records during the grand finale at SJK (C) Yuk Chai, Petaling Jaya in Selangor. In a press statement, Panasonic said throughout the campaign, pupils participated in fun and educational activities, including a battery exchange programme and interactive workshops highlighting battery safety, pollution prevention and proper waste management. Adding to the excitement was Leo, Panasonic Energy's lively mascot who helped bring the effort's green message to life. The initiative included Panasonic introducing eco-bins at the schools to promote safe battery recycling and environmental awareness. The company said over 972kg of toxic waste was kept out of landfills, and more than 50% of the materials would be reused to produce new batteries, fertiliser and industrial products. (From second left) Nishida and Yusaini contributing used batteries for recycling, with Leo (right) giving two thumbs up at the event in Petaling Jaya. — Photos: MUHAMAD SHAHRIL ROSLI/The Star Green heroes and responsible citizens of tomorrow. The campaign was made possible through a collaboration with partners like Jaring Metal Industries Sdn Bhd and Harvey Norman. Malaysia Book of Records chief operating officer Jwan Heah and Panasonic Malaysia managing director Keisuke Nishida were present at the grand finale. Nishida said, 'We are proud to align this effort with our global goal of cutting 300 million tonnes of carbon emissions by 2050. 'Household batteries often contain toxic chemicals. If thrown away improperly, the chemicals can leak into the soil and water.' The collected batteries, he said, would be sent to local recycling facilities to be safely dismantled without burning or releasing pollutants. 'Through this campaign, we aim to raise long-term awareness about e-waste and responsible consumption,' he added. Green heroes and responsible citizens of tomorrow. Also present was Selangor Education Department student development sector deputy director Yusaini Salleh, who praised everyone involved in the initiative. 'This campaign teaches energy efficiency and encourages young Malaysians to be responsible and informed citizens,' he said. 'It is an important step forward in creating a recycling culture within our schools and beyond. 'I hope to see more schools involved in the coming years.'
Yahoo
09-05-2025
- Business
- Yahoo
Panasonic is cutting 10,000 jobs in a bid to boost efficiency
Panasonic said on Friday it planned to cut 10,000 jobs this financial year. The Japanese company said in a statement that the measures were aimed at boosting its efficiency. The reductions will amount to about 4% of Panasonic's global workforce. Panasonic will slash its workforce by 10,000 roles in an effort to boost efficiency. The Japanese electronics manufacturer, which supplies batteries to Tesla through its subsidiary Panasonic Energy, plans to cut 5,000 roles in Japan and 5,000 overseas. That amounts to about 4% of its nearly 230,000-strong workforce. In a statement on Friday, Panasonic said it planned to "thoroughly review operational efficiency … mainly in sales and indirect departments, and reevaluate the numbers of organisations and personnel actually needed." "Through these measures, the company will optimize our personnel on a global scale," the statement added. The cuts will take place this financial year, which ends in March 2026, "in accordance with the labor laws, rules, and regulations of each country and region." The cuts are expected to incur costs of almost $900 million. Panasonic shares closed 2% higher in Tokyo. President Donald Trump's tariffs and trade war with China have made the global economic outlook more uncertain this year. In January, Panasonic Energy said it wanted to curb its reliance on China for EV batteries. "We do have some Chinese supply but we don't have a lot," Allan Swan, the president of Panasonic Energy of North America, said at the time. "And we have plans not to have some, as we go forward, and that has accelerated." In 2022, Panasonic opted into the government-recommended four-day workweek in Japan, which aimed to reduce the number of employees country falling ill or even dying from overwork. CEO Yuki Kusumi told investors at the time that the company "must support the well-being of our employees." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
