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Panasonic to boost data center battery output in US and Mexico
Panasonic plans to increase data center battery production in the United States and Mexico by commencing mass production at a factory in Kansas during the fiscal year 2028. It will also allocate $2.18 billion of its investments to support its power division that supplies Tesla. Additionally, the company intends to build a third factory in Mexico to begin production in the same year. Management aims to raise sales of energy storage solutions related to data centers from 950 billion yen to over one trillion yen by 2028.
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