{"id":1963052,"date":"2023-07-03T07:04:01","date_gmt":"2023-07-03T11:04:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/panasonic-needs-four-more-ev-battery-plants-executive-says\/"},"modified":"2023-07-03T07:05:28","modified_gmt":"2023-07-03T11:05:28","slug":"panasonic-needs-four-more-ev-battery-plants-executive-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/panasonic-needs-four-more-ev-battery-plants-executive-says\/","title":{"rendered":"Panasonic executive insists on four additional EV battery plants for Panasonic."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpanasonic-needs-four-more-ev-battery-plants-executive-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1963052&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>By Miho Uranaka<\/p>\n<p>OSAKA, Japan (Reuters) -The battery arm of Japan\u2019s Panasonic will need to build four more factories to reach its target for a sharp boost in annual capacity of batteries for electric vehicles by 2031, its technology chief told Reuters.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The comments by Shoichiro Watanabe of Panasonic Energy are the Tesla supplier\u2019s first clear indication of the number of additional factories it will need.<\/p>\n<p>They could also fuel expectations of more investment by Japanese companies in the United States, after a deal the two countries struck in March key to widening access for Japanese manufacturers to U.S. electric-vehicle (EV) tax credits.<\/p>\n<p>In May, Panasonic Energy said it aimed to boost annual EV capacity to 200 gigawatt hours (GWh) by early 2031, or about four times its capacity in March this year.<\/p>\n<p>With a plant in Nevada, it is building a second in Kansas that is expected to take annual capacity to 80 GWh once operational, it has said.<\/p>\n<blockquote><p>\u201cWe will need to build around another four factories,\u201d Watanabe, the company\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/burn-every-cop-precinct-to-the-ground-new-dccc-cto-tweeted-violent-anti-police-rhetoric\/\" title=\"\u2018Burn Every Cop Precinct To The Ground\u2019: New DCCC CTO Tweeted Violent, Anti-Police Rhetoric\">chief technology officer<\/a>, said in an interview at its headquarters in Osaka on Friday.<\/p><\/blockquote>\n<p>But he stopped short of mentioning specific locations, time frames or investment sizes.<\/p>\n<p>He signalled an openness to potential joint ventures for EV battery production, with automaker Mazda Motor among others, citing the changing nature of such projects in which  investment is no longer shouldered by battery makers alone.<\/p>\n<p>\u201cThe style where battery producers will make all investments is disappearing,\u201d he said, adding that the 200 GWh capacity was the minimum necessary to be a major player.<\/p>\n<h2>NORTH AMERICA<\/h2>\n<p>Panasonic has said it is focusing on North America to build up capacity for production of 4680 batteries, the newest cells championed by Tesla\u2019s chief executive, Elon Musk.<\/p>\n<p>Previously it said it planned to build at least two new factories for 4680 production in North America by 2030. Oklahoma has been seen as a possible site.<\/p>\n<p>The four new plants will need to be supported by about a dozen factories of materials suppliers, Watanabe said, in a battery supply chain built around the principle of \u201clocal production for local consumption\u201d.<\/p>\n<p>Joint procurement with major customers could also be considered, he said, taking into account tax breaks under the U.S. Inflation Reduction Act (IRA) and the need to limit the carbon footprint.<\/p>\n<p>Given the size of investment required, makers of materials used in the batteries will also need to make decisions about their plans as early as possible, he said.<\/p>\n<p>Panasonic will not rule out the possibility of a joint battery venture with Mazda as part of a supply partnership the companies are working out, Watanabe said.<\/p>\n<p>Last month the firms said they would hold talks on setting up a partnership to supply Mazda with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/panasonic-needs-four-more-ev-battery-plants-executive-says\/\" title=\"Panasonic executive insists on four additional EV battery plants for Panasonic.\">cylindrical lithium-ion batteries made<\/a> in Japan and North America.<\/p>\n<p>They aim to sign off on it this year, and expect to supply batteries after 2025.<\/p>\n<p> (Reporting by Miho Uranka; Writing by Daniel Leussink; Editing by David Dolan)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/panasonic-needs-four-more\/attachment\/panasonic-energy-co-ltd-cto-shoichiro-watanabe-talks-about-their-strategy\/\"><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/panasonic-needs-four-more\/attachment\/the-panasonic-booth-is-shown-during-the-2020-ces-in\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Heading into 2024, many voters aren\u2019t feeling positive about the economy under Biden. One America\u2019s Monica Paige is joined by a small business owner for his insight on the state of the economy.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>One America\u2019s Bridget Bosco speaks with a Front Royal, VA mom and community organizer, Colleen DeLaFleur, about parents\u2019 efforts to get pornographic and objectionable books out of the public library.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>One America\u2019s Bridget Bosco speaks with actor Jim Caviezel, who plays Tim Ballard in \u201cSound of Freedom.\u201d <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>President Trump is heading to Pickens, South Carolina on Saturday to celebrate Independence Day.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) -Apple has been forced to make major cuts to production forecasts for its Vision Pro augmented-reality headset due to design complexity,\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Sam Nussey TOKYO (Reuters) -The European Union (EU) will deepen cooperation with Japan on semiconductors, industry chief Thierry Breton said on\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Sam Nussey and Tim Kelly TOKYO (Reuters) \u2013 Japan is leaning toward softer rules governing the use of artificial intelligence (AI)\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Jody Godoy (Reuters) \u2013 Elon Musk\u2019s move to temporarily cap how many posts Twitter users can read on the social media\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Panasonic Energy, the battery arm of Japan&#8217;s Panasonic, plans to construct four additional factories to meet its goal of significantly increasing annual capacity for electric vehicle batteries by 2031, according to Shoichiro Watanabe, the company&#8217;s technology chief. This move will further strengthen its partnership with Tesla, a major customer.<\/p>\n","protected":false},"author":66,"featured_media":1963053,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1963052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1963052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1963052"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1963052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1963053"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1963052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1963052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1963052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}