Japanese electronics manufacturer Panasonic Holdings announced Monday its intention to begin large-scale manufacturing of battery cells designed for data center use at a facility in Kansas by fiscal year 2028, which concludes in March 2029.
The Tokyo-based company revealed several key investment details:
• Panasonic will dedicate approximately 350 billion yen ($2.18 billion) from its previously disclosed 500 billion yen AI infrastructure investment spanning fiscal years 2026-2028 to its Energy division, which currently serves Tesla. The remaining 150 billion yen will go toward its Industry segment.
• The company’s Energy division also intends to construct a third manufacturing facility in Mexico, with large-scale production expected to begin in fiscal year 2028.
• Kazuo Tadanobu, CEO of Panasonic Energy, described the division’s 950 billion yen revenue goal for data center energy storage systems in fiscal 2028 as a “minimum commitment,” stating the business would work toward exceeding 1 trillion yen in sales.
The currency conversion rate stands at $1 equals 160.1900 yen.
