Panasonic to Initiate US Battery Production for Data Centres by 2028
Panasonic Holdings plans to start mass production of battery cells in the U.S. for data centres by fiscal 2028, driven by AI demand. The company aims for sales of ¥950 billion (approx. $5.93 billion) from data centre energy storage systems in the same fiscal year.
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Panasonic Holdings is set to launch mass production of battery cells for data centres in the U.S. by fiscal 2028, focusing on its Kansas facility. The company anticipates sales of ¥950 billion (approximately $5.93 billion) from these systems, with a potential to exceed ¥1 trillion ($6.24 billion) annually.
This initiative responds to the increasing need for advanced backup power solutions in data centres, driven by AI infrastructure growth. The move also aligns with industry trends toward enhancing domestic supply chains for critical technologies, as Panasonic seeks to diversify beyond its electric vehicle battery business amidst fluctuating demand. Risks include market volatility and ongoing tariff pressures affecting manufacturing costs.
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