Panasonic to establish production facility for new lithium-ion batteries for EVs at Wakayama Factory in Japan

Panasonic Corporation has announced that its Energy Company will establish a production facility at its Wakayama Factory in western Japan to manufacture new, “4680″ lithium-ion batteries for electric vehicles (EVs) in order to expand its business globally.

To contribute to the rapid adoption of EVs, Panasonic has been working to enhance its line-upof automotive lithium-ion batteries. Currently, Panasonic is developing a new high-capacity lithium-ion battery, the “4680”, in multiple locations within Japan. The company will progressively develop production capabilities in preparation for the full rollout. Along with structural improvements, two additional production lines as well as utility facilities will be established at the Wakayama Factory, and productivity verification and mass production areset to begin in the fiscal year ending in March 2024.

Through its energy business, Panasonic will contribute to realizing a society in which the
pursuit of happiness and a sustainable environment are harmonized free of conflict.

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