Economic Times Tech
6/30/2026
The original headline is: "Panasonic to localise its US data centre battery production, CEO says"
Original: Panasonic to localise its US data centre battery production, CEO says
Short summary
With electric vehicle demand weakening in the US, Panasonic and other major automakers are repurposing battery factories to produce energy-storage systems for AI data centers. The strategic pivot reflects AI infrastructure's exponential power appetite, which now significantly exceeds traditional automotive demand. This reveals a fundamental market reordering: manufacturers are reallocating capital from consumer vehicles to data center infrastructure powering the AI economy.
- •EV demand weakness driving factory repurposing to energy storage
- •Battery makers pivoting to AI data center power solutions
- •AI infrastructure power demand reshaping manufacturing strategy
Generated with AI, which can make mistakes.
Is this a good recommendation for you?


