Panasonic Holdings announced its intention to initiate mass production of battery cells for US data centers at a Kansas facility by fiscal year 2028, concluding with March 2029's financial close.
Panasonic Holdings, listed as 6752.T, announced its intention to initiate large-scale battery cell manufacturing for data centers at an American facility located in Kansas by fiscal year 2028, a period concluding with March 2029.
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Panasonic will dedicate approximately $2.18 billion from a total $5 billion investment in AI infrastructure to its Energy division, which caters to clients such as Tesla, over the fiscal years spanning 2026-2028. Meanwhile, about ¥150 billion will be allocated to its Industry segment within this timeframe.
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Panasonic Energy's CEO Kazuo Tadanobu described the company's $950 billion yen sales target for data centre-related energy storage systems in fiscal year 2028 as a baseline, with ambitions to exceed this figure and reach over $1 trillion yen in sales.
