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Panasonic Considers Building EV Battery Plant in Oklahoma

Japan's Panasonic Holdings, a battery supplier for Tesla, is considering constructing a battery plant in Oklahoma. This would be the company's third plant in the United States.

Panasonic shop
Panasonic shop

Incentive Agreement with Oklahoma State

The company has agreed with the State of Oklahoma, outlining the eligibility and terms of incentives under the state's LEAD Act. This incentive package aims to attract major companies to the MidAmerica Industrial Park in Pryor.

Panasonic Awaits Further Decisions

According to a statement from Panasonic, no specific decisions have been made yet, but more information will be shared as it becomes available.

Surging EV Sales Drive Battery Demand

The company's decision to consider Oklahoma comes amidst increasing electric vehicle sales. Other EV makers besides Tesla also consider Panasonic, a potential battery supplier.

Negotiations with Stellantis and BMW

As per the Wall Street Journal, Panasonic is reportedly in talks with Stellantis and BMW about constructing a new EV plant in North America.

Kansas Wins Second EV Battery Plant

In July, Panasonic chose Kansas for its second EV battery plant, set to produce batteries for Tesla. State officials announced that this investment could create up to 4,000 jobs and be worth up to $4 billion.