Corrected: Panasonic to start US data centre battery production by fiscal 2028
CORRECTED-Panasonic to start US data centre battery production by fiscal 2028 Corrects June 8 story in second bullet point to say mass production at Panasonic Energy's third plant in Mexico is set to start in FY2027, not FY2028
TOKYO, June 8 (Reuters) - Panasonic Holdings 6752.T said on Monday it plans to start mass production of battery cells for data centre applications at a plant in the U.S. state of Kansas in the financial year 2028, which ends March 2029.
Here are some details:
The company said it would allocate about 350 billion yen ($2.18 billion) of its previously announced 500 billion yen investment in AI infrastructure over fiscal 2026-2028 to its Energy unit, which supplies Tesla TSLA.O, and 150 billion yen to its Industry segment.
Panasonic Energy also plans to build a third plant in Mexico with mass production scheduled for the fiscal year 2027.
Panasonic Energy CEO Kazuo Tadanobu said the unit's 950 billion yen sales target for data centre-related energy storage systems in the 2028 financial year was a "minimum commitment", adding that the business would aim to lift sales to more than 1 trillion yen.
($1 = 160.1900 yen)
(Reporting by Daniel Leussink; Editing by Eileen Soreng)
((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink;))
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