Panasonic Energy North America cuts electric vehicle battery production target

Panasonic Energy North America has lowered its electric vehicle battery production target for fiscal 2030 from 200GWh to 150GWh, a reduction of about 30%. At the same time, the company has also postponed plans to build a third battery factory in North America. This shows that despite the continued growth in demand for electric vehicles, market competition in the battery manufacturing field remains fierce.