Panasonic's expansion efforts are not just about scaling up production but also about innovation and efficiency. The Oklahoma plant will be dedicated to manufacturing the larger format 4680 cells, a strategic step in bolstering Panasonic's growth in the North American market. TOKYO - Panasonic  OTC PCRFY  is gearing up to significantly expand its electric vehicle  EV  battery production capabilities with an ambitious target to increase output fourfold by the year 2030.
Panasonic aims to quadruple its EV battery production by 2030, with a new Oklahoma plant dedicated to manufacturing larger 4680 cells, bolstering its growth in the North American market.