Japan-based EV battery supplier Panasonic Holdings is considering opening its next battery plant in Oklahoma, Reuters reports.
The plant would be the third from Panasonic in the United States. The company initially rejected Oklahoma as the site for its second plant in July, opting for Kansas instead, which predicted 4,000 jobs to be created in the state as a result.
Panasonic said the company has “entered into an agreement with the State of Oklahoma that defines the eligibility and terms of the incentives under Oklahoma's LEAD Act.”
The LEAD Act is “an incentive package the state has established to attract major companies to its MidAmerica Industrial Park in Pryor.” Currently, Panasonic has not released any other plans or details.
Panasonic is currently the supplier of EV batteries for Tesla and is now having discussions with Stellantis and BMW about building an EV plant in North America, as reported by the Wall Street Journal this month.