By Denny Jacob
Panasonic Energy Co. said Wednesday a proposed lithium-ion battery factory is coming to Kansas, pending the company’s board approval.
The Panasonic Group company said a state incentive application submitted to Kansas was approved.
The company said the project could create up to 4,000 new jobs and result in an investment of about $4 billion. Panasonic said it has identified a site in De Soto, Kansas, for the potential project.
Nikkei Asia reported earlier Wednesday that the company chose Kansas to supply a new high-capacity battery for Tesla Inc. The report said Panasonic chose the site of the new facility because of its proximity to Texas, where Tesla opened a factory in Austin earlier this year, as well as its favorable tax environment.
Write to Denny Jacob at [email protected]
