Panasonic to Allocate $938M for AI Data Center Battery Production in Kansas by Fiscal 2028

According to Reuters, Panasonic Holdings announced it will start mass production of battery cells for data center applications at its Kansas plant in fiscal 2028 (ending March 2029). The company will allocate 350 billion yen ($938 million) from its 500 billion yen AI infrastructure investment to its Energy unit, which supplies Tesla.

Panasonic Energy CEO Kazuo Tadanobu set a 950 billion yen ($5.94 billion) sales target for data center-related energy storage systems in fiscal 2028, stating it represents a "minimum commitment". The company also plans to build a third battery production facility in Mexico with mass production scheduled for fiscal 2028.