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Panasonic pauses new battery plant plans, prioritizes productivity amidst declining electric vehicle demand

The backdrop of this decision lies in the signs of diminishing demand for EVs in the United States, leading various automakers, including General Motors and Ford, to scale back their production plans. Panasonic Energy currently operates a plant in Nevada and has initiated the construction of a second one in Kansas, while ruling out Oklahoma as a potential site.

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Chinese Premier Li Qiang raises concerns over trade in Davos

The U.S. defended its restrictions on microchips, citing national security reasons, with White House National Security Advisor Jake Sullivan clarifying that these measures were not aimed at technology blockade but preventing strategic rivals from exploiting US technology to undermine national security.

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