Panasonic adjusts battery production plan, delays construction of third battery plant in the United States

Panasonic Holdings has adjusted its battery production plan due to the slowdown in global demand for electric vehicles, delaying the construction of a third battery plant in the United States and focusing on the commissioning of a second plant in Kansas. Panasonic originally planned to build a third plant in Oklahoma, but later canceled it. Panasonic aims to expand its annual production capacity of electric vehicle batteries to 200GWh by 2031.