Panasonic says Oklahoma no longer candidate for new battery plant

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December 20, 2023 1:37 AM EST

A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/file photo

TOKYO (Reuters) -Panasonic Energy, a unit of Panasonic Holdings, on Wednesday said Oklahoma was no longer a candidate for a new electric vehicle battery plant in the United States.

The decision by the battery supplier to EV maker Tesla came after the company in April said it was considering building a plant in Oklahoma, its third in the U.S.

"After careful deliberations, we have made the decision not to move forward with developing the site," Panasonic Energy said in a statement.

"This decision will not impact our operations in Nevada or Kansas," according to the statement.

The company also said it has made "a long-term commitment to investing in and advancing the EV industry in the U.S." to deliver the highest-quality batteries.

(Reporting by Mariko Katsumura and Daniel Leussink; Writing by Kaori Kaneko; Editing by Christopher Cushing)


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