Japan's Panasonic to build Tesla batteries in Kansas: report

Japanese news outlet Nikkei reported on Wednesday that Panasonic Holdings Corp. will invest several

EV battery production capacity is expected to triple or quadruple by fiscal 2028 from its current level of roughly 50 gigawatt-hours.

As many as 4,000 employees may work at the factory, earning an average salary of $50,000 per year.

WALMART BUYS 4,500 ELECTRIC VANS FROM ARKANSAS STARTUP CANOO

In Panasonic's search for battery suppliers for its Texas plant, Oklahoma and Kansas were finalists.

Panasonic was heavily recruited by Oklahoma.Governor Kevin Stitt signed a $698 million incentive package in April aimed at luring Panasonic.

Topeka Capital-Journal reported that Kansas Governor Laura Kelly signed an incentive program worth $1.2 billion, including a refundable 15% tax credit on the entire investment.

If Kansas were to land the project, Lt. Gov. and Secretary of Commerce David Toland said it would prove "transformative."

The project will supercharge growth in our state and have a positive ripple effect on small businesses, both in the region where the business is located and across the state, Toland said.

The Kansas economy relies heavily on this opportunity."

FOR MORE WEB STORIES