Panasonic Energy Prioritizes Cutting U.S. Battery Supply Dependence on China

The Tesla supplier plans to shift its electric vehicle battery supply chain as U.S. tariffs on Chinese goods loom under President Trump’s incoming administration.

• 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.

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