Stellantis, BMW in talks with Panasonic to set up EV battery plants in the US

Corporate developments

Panasonic, which has a significant presence in the US, has an upper hand in supplying EV batteries to automakers in North America

Stellantis NV and BMW AG are in early talks with Japanese battery-maker Panasonic Holdings Corporation to build electric vehicle (EV) battery manufacturing plants in North America, according to a news report published by the Wall Street Journal on April 4.

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