2023-04-17 02:58:15 ET
Tesla’s supplier, Panasonic ( OTCPK:PCRFY ) ( OTCPK:PCRFF ) said on Sunday that it is considering building a battery plant in Oklahoma, its third in the US.
Choosing Oklahoma comes amid surging sales for EVs while other EV makers are also looking at the Japanese conglomerate as a possible battery supplier. Panasonic ( OTCPK:PCRFY ) faced rejection while it considered Oklahoma as the second EV battery plant site, then picking Kansas instead to make batteries for Tesla.
The investments could go up to $4B will create up to 4,000 jobs according to state officials.
The company is also in talks with Stellantis and BMW about building a new EV plant in North America.
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Tesla supplier, Panasonic to build its third EV battery plant in the US, Oklahoma this time