Panasonic plans to set up another $4b EV battery plant in US

Panasonic plans to set up another $4b EV battery plant in US

FILE PHOTO: A logo of Panasonic Corp is pictured at the Combined Exhibition of Advanced Technologies at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo

Panasonic Holdings Corp, a supplier to electric-car maker Tesla Inc, is in talks to build an additional electric vehicle (EV) battery plant in the United States at a cost of around $4 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.