Overview

• Panasonic Energy, a key supplier for Tesla, aims to eliminate reliance on China for U.S.-made electric vehicle batteries.
• The company’s North America President, Allan Swan, described the shift as Panasonic Energy’s 'No.1 objective.'
• This move follows incoming President Donald Trump's pledge to increase tariffs on Chinese imports, prompting global companies to reevaluate supply chains.
• Panasonic Energy operates a battery plant in Nevada and plans to open a new facility in Kansas later this year.
• The decision reflects broader industry efforts to mitigate risks tied to geopolitical tensions and trade policies.