TOKYO - A slowdown in the take-up of electric vehicles in the U.S. may prompt Tesla-supplier Panasonic to delay investing in additional plants to boost its automotive battery capacity in North America, the Japanese group's chief executive said.
Kusumi's remarks may suggest Panasonic will not build a third battery plant in North America with its energy unit any time soon. It would probably take a while for the company to make a decision, Kusumi said.Panasonic Energy has a battery factory in the U.S. State of Nevada and is building a second one in Kansas, as part of a push to expand annual battery capacity to 200 gigawatt hours by March 2031.
The transition to EVs from cars running on gasoline has hit a rough patch globally as consumers slow the pace at which they switch to battery-powered vehicles amid inadequate infrastructure in some developed markets. Canada's inflation rate cools to 2.7 per cent in April, likely giving BoC 'all clear' for June rate cutMajor automakers are now refocusing their efforts and investments on hybrid and gasoline-powered vehicles with better profit margins, after slowing demand for electric vehicles prompted them to cut financial commitments towards such models.
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