Panasonic Energy has picked a joint venture of Turner Construction and Yates Construction to build a $4bn plant for electric vehicle batteries in De Soto, Kansas.
The project will take advantage of federal subsidies signed into law in August’s US Inflation Reduction Act.
This allows tax credits of up to $3,750 per vehicle, as long as its batteries are made in North America using materials sourced there or from allied nations.
The plant will begin operation by the end of March 2025 and will eventually have an output of 30GWh a year.
The factory will be part of Panasonic’s “Green IMPACT initiative”, which is aimed at reducing its carbon emission to virtually net-zero by 2030.
New York-based Turner is a subsidiary of German contractor Hochtief, which is controlled by Spain’s ACS. Yates is based in Mississippi and specialises in commercial and industrial buildings.
Yates chief executive William Yates III said his company was “one of the largest EV battery and advanced manufacturing contractors in the US”.
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