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Panasonic opened its 4.7 million-square foot plant in Kansas in July, but has not reached full capacity after the Trump administration dropped support for green energy and electric vehicles. Now, the company is trying to capitalize on rising demand for data centers.
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Problems with Tesla, tariffs, and tax breaks have electric vehicle investors worried, even as Panasonic unveiled a massive new battery plant in De Soto, Kansas, on Monday. Leaders at the factory say it’s just a bump in the road.
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Experts say the Panasonic plant could tap the brakes on hiring while it waits out economic uncertainty. The company can still collect hundreds of millions of dollars from Kansas even if it does.