Oklahoma is major contender for a $4 billion Panasonic EV battery factory

The first plant was announced in July and will be built in Kansas.

Battery maker, Panasonic, is apparently conducting negotiations to put together a third electric vehicle battery plant in the US.

The Japanese organization presently collectively runs a battery manufacturing plant with Tesla in Nevada, and has earned approval to build an additional battery factory in Kansas. Having said that, as The Wall Street Journal The Wall Street Journal reports, people familiar with the issue feel Panasonic would like to build a third manufacturing facility, and also is willing to spend yet another $4 billion in the process.

Easily the most probable specific location for this third factory is Oklahoma, and it would function as a twin to the Kansas plant. The two would produce brand new EV batteries at the same rate to stay on top of expanding need for the automobiles. The Kansas factory is likewise expected to be worth $4 billion and create 8,000 jobs while doing so. Oklahoma would without a doubt delight in a similar boost to local area employment if the new facility progresses.

Meanwhile, nobody is commenting, including Oklahoma Gov. Kevin Stitt. That being said, it’s worth considering that EV startup Canoo is getting ready to commence making cars at a factory in Oklahoma, and the company signed a battery supply deal with Panasonic in 2021. Canoo is likewise set to supply Walmart with 4,500 all-electric delivery vehicles next year.

Back in February, Panasonic revealed that it would start out mass production of Tesla’s new 4680 battery by the end of March 2024. Nonetheless, that production is planned for brand new lines at the company’s Wakayama manufacturing facility in Japan.

The new factory in Kansas, and now potentially Oklahoma, would likely additionally create the 4680 batteries when they come online, which Tesla proclaims are essential if we want EVs that cost $25,000.

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