A pioneer in making electric-vehicle batteries in the U.S. has a message for newcomers: It takes time to power up
Tesla partner Panasonic describes challenges on path to profitability as federal subsidies attract newcomers
President Biden’s Inflation Reduction Act calls for at least 50% of an electric vehicle’s battery to be made in the U.S. to qualify for a federal discount. WSJ’s George Downs breaks down a battery to explain why that is going to be a challenge. Illustration: George DownsSPARKS, Nev.—. Japan’s Panasonic Holdings Corp. started building what would become America’s first large-scale EV-battery plant in 2015, at a site owned by Tesla Inc. in the rolling hills outside of Reno, Nev.
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