Panasonic hikes battery-related capital spending, looking to build two plants in North America

Peng Chen, DIGITIMES Asia, Taipei Friday 19 May 2023 0

Panasonic Energy North America president Allan Swan speaks at CES 2023. Credit: AFP

Panasonic is laying the foundation for ramping up EV battery production. It announced on May 18 that it will boost capital spending on battery-related operations to JPY381 billion (US$2.75 billion) in the current fiscal year. The company also plans...

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