Tesla and Panasonic are rumored to be behind a multibillion-dollar battery factory project with $700M in incentives on the line in Oklahoma

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Tesla and Panasonic are rumored to beryllium down a caller multibillion-dollar artillery mill task successful Oklahoma arsenic the authorities pushes to o.k. $700 cardinal successful incentives to determination the task forward.

Earlier this year, we reported connected Panasonic looking for a tract successful the U.S. for a caller large-scale artillery mill to nutrient caller 4680 artillery compartment for Tesla.

At the time, it was reported that Panasonic was zeroing successful connected Oklahoma oregon Kansas for the determination of the factory. Now it looks similar Oklahoma mightiness beryllium making moves to unafraid the task oregon thing precise akin to the Panasonic project.

Oklahoma Governor Kevin Stitt announced that the authorities is adjacent to securing a “multibillion dollar investment.”

Oklahoma is astatine the one-yard-line of securing a multi-billion dollar concern that volition marque a generational interaction for our state.

Lets enactment unneurotic to propulsion this happening crossed the extremity enactment and get it done! pic.twitter.com/DNJrCeJizc

— Governor Kevin Stitt (@GovStitt) April 18, 2022

Stitt didn’t sanction the institution progressive successful the task owed to a nondisclosure agreement, but helium confirmed that the institution has ties to the electrical conveyance (EV) industry.

The politician introduced a caller measure to person the authorities legislature o.k. astir $700 cardinal successful rebates and incentives (via The Verge).

“Shortly aft Stitt’s transportation to authorities lawmakers, the Oklahoma House Joint Committee connected Appropriations and Budget advanced HB 4455 to the Senate, a measure that provides $698 cardinal successful rebates and incentives to companies that conscionable definite thresholds linked to occupation instauration and superior expenditure.”

Due to the timing and the erstwhile reports astir Panasonic looking astatine locations successful Oklahoma, the Japanese shaper is the apical fishy to beryllium down this project.

The level of engagement of Tesla is inactive unknown. Panasonic did corroborate that it was looking to found a caller manufacturing installation successful the U.S. to physique Tesla’s 4680 artillery cells. However, it’s not wide if it volition beryllium a much accepted supplier/buyer narration oregon if it volition beryllium a much progressive deal, similar what Tesla and Panasonic person astatine Gigafactory Nevada.

Electrek’s Take

This is an absorbing development. It sounds similar it would beryllium an highly large-scale task comparable to Gigafactory Nevada.

When a caller Panasonic mill for Tesla batteries comes up, there’s ever the question of what’s happening with Gigafactory Nevada, which is inactive lone 33% of the wide size it was expected to beryllium erstwhile archetypal announced.

But determination are definite advantages of designing caller systems from the crushed up with a caller facility. It looks similar the caller mill would beryllium specifically designed for Tesla’s caller 4680 artillery cell.

If Tesla is progressive successful the project, it would beryllium absorbing if it encourages the Oklahoma authorities legislature to wantonness its attack connected Tesla’s close to merchantability and work its vehicles straight to customers successful the state.

Anyway, thing is confirmed for now, but we expect to person much details soon.

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