You are here: Home › Panasonic Energy invests around $4 billion in De Soto, Kansas

Panasonic Energy invests around $4 billion in De Soto, Kansas

By Ryan Cardenas
-    Feb 20, 2024
Credit : GMI Post

Panasonic Energy, a Japanese maker of batteries for electric vehicles and a major supplier to Tesla, is converting a former U.S. Army ammunition plant in the city of De Soto, Kansas into a $4 billion lithium-ion battery manufacturing facility.

In an interview with Nikkei Asia, De Soto Mayor Rick Walker expressed his excitement about the vast 5.5 million square feet factory going up on his city's outskirts.

De Soto Mayor Rick Walker (left) and Kansas City Area Development Council President and CEO Tim Cowden (right)

“The City of De Soto is thrilled to work with Panasonic and welcome them to our amazing community. De Soto has a rich history of supporting critical manufacturing facilities and we have been planning for this growth and the return of advanced manufacturing jobs to this area for years. We're especially excited for the opportunity to invest in the renewable energy industry and provide strong jobs for generations to come,” De Soto said.

The new Panasonic plant, which plans to begin mass production by March 2025, is expected to create 4,000 direct jobs in the city of 6,200 people.

“We want to bring back that job center that we had, that we've always had, that will help to drive and make our community thrive,” the mayor said.

The De Soto Plant will be Panasonic's second battery factory in the United States, where it is Tesla’s biggest supplier. The plant will produce 30 gigawatt-hours worth of EV batteries per year, roughly equivalent to 550,000 units of Tesla's popular Model 3, although Panasonic is planning to supply other customers from the plant as well.

In a press release to local media, Kris Takamoto, Executive Vice President of Panasonic Energy, Head of EV Battery Business said, “Expanding production capacity in Kansas will enable us to continue delivering the highest quality batteries for our automotive partners as demand grows.”

“We are already producing more than five million battery cells a day in North America, and the new facility in Kansas will further grow our capacity, efficiency and economies of scale which are critical to a net-zero emissions future,” Takamoto said.

Meanwhile, Kansas City Area Development Council President and CEO Tim Cowden also expressed his support for the project: “We are incredibly proud to stand shoulder-to-shoulder with Panasonic as they revolutionize the global transportation industry from the center of the most dynamic economy in the world.”

“The Kansas City region, just as it has over the past century, is cementing its rightful place as a leader where transit innovation is occurring,” he said.

https://thinkkc.com

Business opportunities in Latin America for Japanese companies

Thanks to Texas' proximity to the emerging markets of Central and South America, several major Japanese companies with significant investments in L...

The Evolving Military Balance in the Taiwan Strait

Panelists discuss the risk of an armed conflict between the United States and China over Taiwan and how the United States should adapt its defense ...

Young Professionals Briefing: The Future of Democracy Around the World

Panelists discuss democratic backsliding, the rights of marginalized populations living under authoritarian regimes, and the prospects for and obst...

TWSE: Cultivating Growth

When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize...

Philippines' top EdTech startup secures Series A funding as it boosts reach and engagement

Edukasyon, the leading education technology platform in the Philippines, recently closed its Series A financing round, joined by Asian and European...

Japanese carmakers: A vital part of the U.S. economy

Over nearly four decades, Japanese-brand automakers have built up a vast American presence. It has made a cumulative manufacturing investment of ab...

Casino slot manufacturer attributes success to hard work, vision, and dedication to core values

Japanese gaming giant Konami has invested heavily in Las Vegas, setting up a huge head office in the city from where it develops and markets indust...

Reaffirming a commitment to create equal opportunity

Tracing its origins back more than a century, LHAG has nurtured a reputation for excellence and expertise in dispute resolution, international arbi...

Malaysia: A fresh start

Ten months since historic elections that rocked the nation's political landscape, Malaysia, once again headed by Prime Minister Mahathir Mohamad, i...

latest special Reports:

More Special Reports: more...

Upcoming Reports from




  • Global Media is your partner in reaching a powerful international audience through high-level economic reporting.

    Our ambition is to highlight under-reported developments and opportunities around the world, and allow leaders in these regions and sectors to take their message to the highest global level. We partner with top media to communicate with the world’s most powerful audiences. We specialize in communication and branding initiatives that help our clients effectively get their messages to their existing and potential partners. We achieve results for our clients by introducing them and their initiatives to an audience of elite international business and government leaders.

    Global Media Inc. is an independent media agency with offices in Hong Kong and Canada. GMI has more than a decade of experience in the writing, researching, and production of promotional country reports, with media partners from East Asia to North America. We have teams worldwide that develop country and thematic reports on the latest economic trends and developments.

    We are a media partner of Foreign Affairs,the United States’ most influential publication, published by the New York-based Council on Foreign Relations.

    Nearly a century old, there isn’t a more influential or higher-reaching publication in the United States than Foreign Affairs. The journal is ranked #1 in influence by U.S. opinion leaders in a recent nationwide study conducted by Erdos and Morgan, the premier business-to-business research firm. Their findings place Foreign Affairs ahead of all media, both print and broadcast, including The New York Times, The Wall Street Journal, The Economist, and The Washington Post.

    Testimonials:

    “We were extremely impressed with how efficient, well-coordinated, responsive and reliable the Global Media Inc. team was. We owe them a lot for their professionalism. We were very pleased with the outcome, and the article was very well-written. We hope to have an opportunity to work with Global Media Inc. again in the near future.� – Japan Airport Terminal Co. Ltd.
    “The Global Media team’s professionalism was excellent. Their team was great and always gave us the right suggestions and information. The product was excellent, and we were very happy to have such a great opportunity working with their excellent team.â€� – National Graduate Institute of Policy Studies (GRIPS)
    “We were honored to be chosen as one of the good universities in Japan. This article conveyed Seigakuin University’s educational ideals and the message from President Akudo. The advertisement was conspicuous and gave a good impression that Seigakuin nurtured students to contribute to world peace. We really appreciated what Global Media Inc. had did for us.â€� – Seigakuin University

    Whom we have featured:

    • Australian Prime Minister Julia Gillard
    • Australian Foreign Affairs Minister (and former Prime Minister) Kevin Rudd
    • Japanese Prime Minister Shinzo Abe
    • Qatari Minister of International Trade and Industry Dato’ Sri Mustapa bin Mohamed
    • Japanese Minister of Education, Culture, Sports, Science and Technology Yoshiaki Takaki
    • Taiwanese Foreign Minister Yang Chin-Tien
    • Taiwanese Finance Minister Lee Sush-Der
    • Taiwanese Economic Affairs Minister Shih Yen-Shiang
    • Taiwanese National Science Council Minister Lee Lou-Chuang,
    • Taiwanese Deputy Minister of Transport and Communications Yeh Kuang-Shih
    • Taiwanese Political Deputy Minister of Education Dr. Lin Tsong-Ming
    • Indonesian Ambassador to the United States Dr. Dino Patti Djalal
    • Indonesian Investment Coordinating Board Chairman Gita Wirjawan
    • Philippine President Benigno S. Aquino III
    • Philippine Senate President Juan Ponce Enrile

Join our newsletter

Sign up for our weekly newsletter to get the latest news and updates directly to your inbox.