Panasonic Energy's top priority is shifting away from reliance on Chinese supply chains, as expressed by President Allan Swan, who stated that this is their "No.1 objective." This aligns with evolving geopolitical and regulatory pressures and reflects broader industry efforts.
Allan Swan revealed that while Panasonic Energy does utilize some Chinese supply in their operations, they are keen on diminishing that reliance. He noted, "We do have some Chinese supply, but we don't have a lot. And we have plans not to have some, as we go forward, and that has accelerated."
The transition in Panasonic's supply chains is partly prompted by President-elect Donald Trump's announced tariffs, which have amplified the urgency for EV suppliers like Panasonic to reorganize sourcing practices and comply with new legislative frameworks.
The Biden Administration's Inflation Reduction Act poses strict requirements regarding the origin of raw materials in EV production, compelling companies like Panasonic Energy to reassess their supply chain strategies to ensure compliance and sustainability.
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