Panasonic Energy breaks ground on its EV battery factory in Kansas

Panasonic has released its financial results for the year 2023 so far and expectations for 2024. In the expansive document, there's a section depicting the areas where the company expects growth and one of them is automotive batteries. In order to take advantage of this expected growth, Panasonic mentions three key areas: Enhancing supply capabilities in the USA - the mass production of 2170 cells from the Kansas...

11 May 2023

SNE Research reported that the global EV battery market has recorded a 38.6% YoY growth in Q1 of 2023. The total amount of energy held by batteries for pure EVs, PHEVs, and HEVs was around 133 GWh. CATL remains the top market player with a growth rate of 35.9% and 35% market share. BYD experienced a staggering growth in the Q1 of 115.5% but ranks second in market share with 16.2%. LGES is third with a growth rate of...

5 May 2023

According to SNE Reasearch, the global battery usage for 2022 has been 518GWh - a 517.9% growth YoY. For this year, the research agency expects 749 GWh of batteries to be deployed in EVs, PHEVs, and HEVs. Being a South Korean company, SNE Research pays special attention to the three local companies that are major players in the EV battery market - Samsung SDI, SK On, and LG Energy Solution. Their production is...

8 February 2023

According to Digitimes Research reported by Digitimes Asia, the global sales of electric vehicles have reached 9.78 million units in 2022. The projected growth for this year is 49% to 14 million units sold globally. Of those, 9 million are expected to be sold in China only. Even now, China's share of the global EV sales is higher than 60%. For comparison, Europe sales account for 24% of the total sales, and USA...

11 January 2023

Panasonic Energy and Lucid Group announced they have entered into multi-year agreements to supply batteries for Lucid's award-winning luxury electric vehicle, Lucid Air, the fastest-charging, longest-range EV on the market, and Lucid's upcoming Gravity SUV. The agreement marks another milestone in Panasonic's plans to expand production of lithium-ion EV batteries beyond Japan and into the U.S. with production coming...

14 December 2022

Nouveau Monde Graphite Inc. (NMG), Mitsui, and Panasonic Energy have entered into a Framework Agreement establishing the terms of the commercial relationship between the parties to enable the next development steps of NMG’s ore-to-battery-market integrated graphite project in Québec, Canada. NMG will use the proceeds of the abovementioned investment to work in the upcoming months on optimizing the feasibility study...

27 October 2022

Panasonic Energy and Kansas Gov. Laura Kelly jointly announced that the state of Kansas has approved an Attracting Powerful Economic Expansion (APEX) state incentive application submitted by Panasonic Energy. The agreement would make the state the location for a proposed US-based lithium-ion battery manufacturing facility, pending approval by Panasonic Holdings Corporation Board of Directors. Panasonic Energy plans...

14 July 2022

Yesterday, LG Energy Solution said that it will invest 730 billion won in its Ochang facility to expand the production capacity of cylinder batteries. 580 million won of those will go to the site's second factory, increasing the 4680 batteries' annual capacity by 9 GWh. The rest of the investment will be used in the first factory for increasing by 4 GWh the annual capacity of the 2170 batteries. The production...

14 June 2022

NHK reports that Panasonic plans to build a plant in the USA to build 4680 batteries for Tesla. According to the media's sources, the Japanese company ponders on buying land in Oklahoma or Kansas. The latest Tesla gigafactory is in Texas, which borders Oklahoma state. A week ago, Panasonic officially said that it will commence producing batteries for Tesla in two years in its Wakayama factory. There's no official...

4 March 2022

Panasonic today announced that its Energy Company will establish a production facility at its Wakayama Factory in western Japan to manufacture the 4680 lithium-ion battery cells for electric vehicles (EVs) in order to expand its business globally. To contribute to the rapid adoption of EVs, Panasonic has been working to enhance its line-up of automotive lithium-ion batteries. Currently, Panasonic is developing the...

28 February 2022

Panasonic Energy of North America (PENA), a Division of Panasonic Corporation of North America, today announced plans to expand in Northern Nevada with a new campus in Reno that is anticipated to open in spring 2022. The 94,483 sq. ft. existing building at 645 East Plumb Lane managed by Industrial Realty Group, LLC (IRG) in Reno is being renovated to become PENA's division headquarters and will feature state-of...

22 December 2021

According to SNE Research, CATL ranks first in the global EV battery market for the first five months of 2021. Its market share for January-May 2021 is 31.2% compared to 22% for January-May 2020. However, if we look at the GWh installed, the YoY growth reaches a staggering 272.1% from 7.4GWh in 2020 to 27.6GWh in 2021. LG Energy Solutions is second with 23.1% market share for January-May 2021 and a 166.7% growth in...

2 July 2021

Panasonic will begin offering a new, cloud-based battery management service, known as the UBMC (Universal Battery Management Cloud) service, utilizing a proprietary AI-based technology that incorporates its battery expertise. The technology can ascertain the state of various types of batteries installed in electric vehicles in real-time to ensure they can be used with peace of mind. Here are the service features in...

10 December 2020

Reuters reports that Panasonic develops the new 4680 battery cells for Tesla's vehicles. The information comes from Panasonic's CFO Hirokazu Umeda who shared this information during a briefing earlier today. He also said that Panasonic started working on the 4680 battery immediately after Tesla's Battery Day. Moroever, Panasonic is preparing to set up a prototype production line in parallel. An additional production...

29 October 2020