Panasonic\u2019s $4 billion EV battery plant will land in Kansas - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/07\/20\/panasonics-4-billion-ev-battery-plant-will-land-in-kansas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panasonic\u2019s $4 billion EV battery plant will land in Kansas - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: Panasonic has picked De Soto, Kansas, to build a new EV battery plant, which projects to bring up to $4 billion in investments for the state, the Kansas governor\u2019s office said in a press release. 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\n

Panasonic has picked De Soto, Kansas, to build a new EV battery plant, which projects to bring up to $4 billion in investments for the state, the Kansas governor\u2019s office said in a press release<\/a>. The press release predicts the plant will create up to 4,000 jobs, plus estimates of 4,000 additional jobs with suppliers and community businesses.<\/p>\n
In April, Kansas and Oklahoma were both among the locations reportedly in the running for potential locations for Panasonic\u2019s new battery plant. Oklahoma\u2019s governor notably pushed lawmakers to approve a $700 million rebate package<\/a> without naming which company it might benefit.<\/p>\n
In its press release, Kansas credited the passing<\/a> of its Attracting Powerful Economic Expansion Act (SB 347<\/a>), or APEX Act, in February as a catalyst for the decision. \u201cWhen the Kansas Legislature passed the APEX legislation, this was the kind of megaproject we had in mind,\u201d Representative Ron Ryckman of Kansas said. <\/p>\n
\n<\/aside>\nNow that the deal is signed, KCTV5<\/a> reports the governor\u2019s office revealed the incentive package is worth up to $829.2 million, including a $500 million investment tax credit that stretches over five years and a $234 million payroll rebate paid over 10 years, among other sweeteners. <\/em>The Kansas Reflector<\/em><\/a> writes that a \u201clack of financial certainty\u201d in Oklahoma\u2019s offer may have been the difference for Panasonic. Of course, all those numbers are tied to certain goals being met, which doesn\u2019t always happen \u2014 remember Wisconsin and Foxconn<\/a>?<\/p>\n
The new factory is expected to be bigger than Panasonic and Tesla\u2019s Gigafactory in Nevada<\/a>, TechCrunch <\/em>reported. Panasonic announced in February<\/a> that it planned to begin mass-producing lithium-ion batteries for Tesla by 2024.<\/p>\n
\n<\/aside>\n<\/div>\n
<\/br><\/code><\/p>\nSource: https:\/\/www.theverge.com\/2022\/7\/19\/23268716\/panasonic-kansas-ev-battery-plant<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Source: Panasonic has picked De Soto, Kansas, to build a new EV battery plant, which projects to bring up to $4 billion in investments for the state, the Kansas governor\u2019s office said in a press release. The press release predicts the plant will create up to 4,000 jobs, plus estimates of 4,000 additional jobs with […]<\/p>\n","protected":false},"author":1,"featured_media":10342,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[15,8],"tags":[16],"class_list":["post-10341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-policy","category-technology","tag-policy"],"yoast_head":"\nPanasonic\u2019s $4 billion EV battery plant will land in Kansas - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/07\/20\/panasonics-4-billion-ev-battery-plant-will-land-in-kansas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panasonic\u2019s $4 billion EV battery plant will land in Kansas - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: Panasonic has picked De Soto, Kansas, to build a new EV battery plant, which projects to bring up to $4 billion in investments for the state, the Kansas governor\u2019s office said in a press release. 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