Panasonic Holdings Corp. is considering the construction of a new battery plant in the United States, Nikkei reported on Tuesday. The plant is expected to provide "a new type of high-capacity battery" for Tesla Inc. vehicles, according to sources.
A number of locations are under consideration, depending on benefits provided by state governments, the report claimed. If Panasonic decides to go through with the plans, the new plant is expected to begin production "as early as fiscal year 2024."
