In ramping up regional output to meet booming demand for EVs, Panasonic also aims to increase localized sourcing of battery materials, targeting a 50 percent local procure rate.
Envision AESC was one of the industry's first EV battery producers. Now it's committing $2 billion to boost its U.S. market presence.
Toyota Group megasupplier Aisin is grappling with how and when to shift to a new lineup of electrified products. Profits made from today's internal-combustion vehicles will lead to investment in EV products.
Toyota Group steering supplier JTEKT is developing new technologies to thrive in the rapidly approaching EV age.
J.B. Straubel's broader goal is to move a huge chunk of the battery-component industry from Asia to the U.S., Bloomberg reported.