Panasonic Energy (PCRFY) still intends to build a third electric vehicle battery facility in the U.S. despite dropping a tentative plan last year to establish a plant in Oklahoma, Nikkei Asia’s Ryohtaroh Satoh reports. Allan Swan, president of Panasonic Energy of North America, told Nikkei about the plans on the sidelines of the CES electronics show in Las Vegas, though declined to provide details. “We are always looking ,” he said. “Oklahoma is still an option.” Panasonic supplies Tesla (TSLA), the author notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PCRFY:
- What You Missed This Week in EVs and Clean Energy
- Tesla supplier Panasonic decides against building factory in Oklahoma, WSJ says
- Panasonic in deal with battery materials maker Sila for Titan Silicon, no terms
- Panasonic upgraded to Buy from Hold at Jefferies
- Fisker, Panasonic Automotive announce collaboration agreement