💨 Abstract

Panasonic Energy, a Tesla battery supplier, plans to reduce its Chinese supply-chain dependence for U.S.-made electric vehicle batteries due to incoming U.S. President Donald Trump's tariff threats. The company aims to achieve this by signing up U.S. suppliers, helping Japanese and Korean suppliers set up shop in the U.S., and tapping existing U.S.-bound suppliers.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖