(Updated to include response from Panasonic and comments from Commerce Department)
Panasonic is postponing plans to bring its new U.S. electric vehicle battery plant in De Soto to full capacity within two years, according to a published report out of Japan.
The Nikkei business daily reported Friday that Panasonic had a goal of reaching full production of an annual 30 gigawatt-hours by the end of March 2027.
Without quoting sources, the media outlet reported that Panasonic was pushing back that target date for reaching full capacity.
Panasonic responded with a statement on Friday afternoon.
"We are excited to . . .
SSJ
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