Panasonic will build plant in Kansas, beating Oklahoma for billion dollar opportunity

UPDATE, 7/13/2022: Gov. Kevin Stitt’s Communications Director, Carly Atchison, has issued a statement on behalf of the governor.

“Governor Stitt is confident in his plan to attract companies to Oklahoma. This is not the end of the governor’s strategy to make Oklahoma a Top Ten state for business and Oklahomans would be wise to not count us out just yet.”

Panasonic has chosen to build its new electric car battery factory in Kansas, edging out Oklahoma for the financial opportunity worth several billion dollars.

The decision was posted Wednesday morning in an article on Bloomberg.

Politicians in Kansas and Oklahoma have been courting the company for months. Oklahoma Governor Kevin Stitt signed House Bill 4455 into law in April. The Lead Act provides nearly $700 million dollars in financial incentives to any company that meets certain requirements when building a facility in Oklahoma.

Kansas Governor Laura Kelly is schedule to host a press conference at 5 p.m. Oklahoma Governor Kevin Stitt is planning a press conference sometime this afternoon.

Just last year, Tulsa lost an opportunity to bring Tesla to Oklahoma. Billionaire Elon Musk chose Austin over Tulsa.

Panasonic builds the batteries for Tesla vehicles.

This is a developing story.