Tesla (TSLA) supplier Panasonic (PCRFY) said it has decided against building a multimillion-dollar electric vehicle factory in Oklahoma, River Davis of The Wall Street Journal reports. The company currently has an EV plant under construction in Kansas, but had been looking at Oklahoma as a potential additional location. Panasonic cited a “wide range of factors” as its reason for deciding to not move forward with the plan. Sources have told the Journal that Panasonic has battled high costs at the Kansas construction site.
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