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Panasonic (OTCPK:PCRFY) introduced Wednesday that Kansas could be the situation for a multibillion-dollar manufacturing facility to provide lithium-ion batteries for Tesla (TSLA) and different automakers.
Panasonic Power (OTCPK:PCRFY) stated it plans to take a position ~$4B to develop a web site in De Soto, Kansas, for the potential mission.
Kansas Governor Laura Kelly stated the brand new manufacturing facility could be the biggest financial improvement mission within the state’s historical past, and would make use of 4K individuals.
The brand new plant shall be along with the Sparks, Nevada, Gigafactory, which Panasonic (OTCPK:PCRFY) collectively operates with Tesla (TSLA) and is among the world’s largest lithium-ion battery factories, and fairly near the brand new manufacturing facility Tesla just lately opened in Austin, Texas.
Panasonic (OTCPK:PCRFY) CTO Shoichiro Watanabe advised Reuters the corporate is looking for to extend battery vitality density by 20% by the top of the last decade.