Panasonic to start US data centre battery production by fiscal 2028

Reuters

Mon, June 8, 2026 astatine 3:01 AM CDT 1 min read

TOKYO, June 8 (Reuters) - Panasonic Holdings said connected Monday it plans to ‌start wide accumulation of artillery ‌cells for information centre applications astatine a works ​in the U.S. authorities of Kansas successful the fiscal twelvemonth 2028, which ends March 2029.

Here are immoderate details:

• The institution ‌said it would ⁠allocate astir 350 cardinal yen ($2.18 billion) of its antecedently announced ⁠500 cardinal yen concern successful AI infrastructure implicit fiscal 2026-2028 to its Energy ​unit, which ​supplies Tesla, ​and 150 cardinal yen ‌to its Industry segment.

• Panasonic Energy besides plans to physique a 3rd works successful Mexico with wide accumulation scheduled for the fiscal twelvemonth 2028.

• Panasonic ‌Energy CEO Kazuo Tadanobu ​said the unit's 950 ​billion yen ​sales people for information centre-related ‌energy retention systems successful ​the 2028 ​financial twelvemonth was a "minimum commitment", adding that the concern would purpose to ​lift income ‌to much than 1 trillion yen.

($1 = ​160.1900 yen)

(Reporting by Daniel Leussink; Editing ​by Eileen Soreng)