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The decision by the battery supplier to EV maker Tesla (NASDAQ:TSLA) came after the company in April said it was considering building a plant in Oklahoma, its third in the U.S.
“After careful deliberations, we have made the decision not to move forward with developing the site,” Panasonic Energy said in a statement.
“This decision will not impact our operations in Nevada or Kansas,” according to the statement.
The company also said it has made “a long-term commitment to investing in and advancing the EV industry in the U.S.” to deliver the highest-quality batteries.
