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Panasonic Holdings Corporation (PCRFY)

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7.05-0.10 (-1.40%)
At close: 03:59PM EDT
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  • Bloomberg

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  • Reuters

    Tesla supplier Panasonic plans additional $4 billion U.S. EV battery plant - WSJ

    Panasonic is looking at Oklahoma as the location for its new plant, the newspaper said. A Panasonic spokesperson said: "We are examining various growth strategies for our automotive battery business, but there is no further information that we can share at the moment aside from what we have already announced." In July, Panasonic selected Kansas as the site for a new battery plant that state officials said would create up to 4,000 jobs with investment of up to $4 billion.

  • Reuters

    Toyota-Panasonic battery JV to buy lithium from ioneer's Nevada mine

    A joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd's Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States. The binding supply deal, announced on Sunday, is the second in less than a month for ioneer and a strong vote of confidence in a project that is racing to be the first new U.S. source of the battery metal in decades. Under the terms of the deal, ioneer will supply 4,000 tonnes of lithium carbonate annually for five years to Prime Planet Energy & Solutions (PPES), which was formed by Toyota and Panasonic in 2020 to better compete with battery market leader Contemporary Amperex Technology Co Ltd (CATL).