By Abhirup Roy
LAS VEGAS (Reuters) – Tesla (NASDAQ:) provider Panasonic (OTC:) Vitality plans to remove its supply-chain dependence on China for electrical automobile batteries made in the US, a senior govt instructed Reuters, calling the shift a “No.1 goal”.
The feedback from Allan Swan, President of Panasonic Vitality of North America, spotlight how incoming President Donald Trump’s pledge to boost tariff imports on Chinese language items has compelled firms around the globe to reassess their manufacturing processes.
Panasonic Vitality, which provides batteries to Tesla in addition to different automakers, is a unit of Japanese electronics big Panasonic.
The very first thing the enterprise has to do with reference to Trump tariffs is “to not have the availability chain devoted from China,” Swan instructed Reuters in an interview in Las Vegas on Monday on the CES commerce present.
In the US, Panasonic Vitality operates a plant in Nevada and plans to open a second U.S. manufacturing facility in Kansas this yr.
