BR100 Increased By (1.3%)
BR30 Increased By (1.3%)
KSE100 Increased By (1.14%)
KSE30 Increased By (1.19%)
AGHA 7.87 Increased By ▲ 0.12 (1.55%)
BECO 5.19 No Change ▼ 0.00 (0%)
BML 58.01 Decreased By ▼ -0.65 (-1.11%)
BOP 34.57 Increased By ▲ 0.88 (2.61%)
CNERGY 10.86 Increased By ▲ 0.25 (2.36%)
CSIL 5.43 Increased By ▲ 0.13 (2.45%)
FCCL 54.55 Increased By ▲ 0.81 (1.51%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.23 Increased By ▲ 0.01 (0.82%)
KEL 7.43 Increased By ▲ 0.15 (2.06%)
KOSM 5.69 Increased By ▲ 0.05 (0.89%)
LOTCHEM 29.92 Increased By ▲ 0.27 (0.91%)
MLCF 97.00 Increased By ▲ 0.64 (0.66%)
NBP 206.35 Increased By ▲ 2.82 (1.39%)
NCPL 58.27 Increased By ▲ 1.42 (2.5%)
NPL 69.35 Increased By ▲ 2.04 (3.03%)
OGDC 320.70 Increased By ▲ 2.48 (0.78%)
PACE 10.70 Increased By ▲ 0.07 (0.66%)
PAEL 42.74 Increased By ▲ 0.97 (2.32%)
PIBTL 17.17 Increased By ▲ 0.36 (2.14%)
PPL 223.48 Increased By ▲ 3.31 (1.5%)
PRL 51.95 Increased By ▲ 2.90 (5.91%)
PTC 71.00 Increased By ▲ 0.99 (1.41%)
SSGC 29.63 Increased By ▲ 0.49 (1.68%)
TBL 9.86 Increased By ▲ 0.09 (0.92%)
TELE 9.02 Increased By ▲ 0.20 (2.27%)
TPL 17.47 Increased By ▲ 0.30 (1.75%)
TPLP 13.00 Increased By ▲ 0.49 (3.92%)
TREET 22.91 Increased By ▲ 0.32 (1.42%)
TRG 60.50 Increased By ▲ 0.28 (0.46%)
Technology

Panasonic says Oklahoma no longer candidate for new battery plant

Published Updated
Photo: REUTERS
Photo: REUTERS
By

TOKYO: Panasonic Energy, a unit of Panasonic Holdings, on Wednesday said Oklahoma was no longer a candidate for a new electric vehicle battery plant in the United States.

The decision by the battery supplier to EV maker Tesla came after the company in April said it was considering building a plant in Oklahoma, its third in the US “After careful deliberations, we have made the decision not to move forward with developing the site,” Panasonic Energy said in a statement.

China’s electric car drive, led by BYD, leaves global brands behind

“This decision will not impact our operations in Nevada or Kansas,” according to the statement.

The company also said it has made “a long-term commitment to investing in and advancing the EV industry in the US” to deliver the highest-quality batteries.

Comments

Comments are closed for this article.