LAS VEGAS, Jan 6 (Reuters) - Tesla supplier
Panasonic Energy plans to eliminate its supply-chain dependence
on China for electric vehicle batteries made in the United
States, a senior executive told Reuters, calling the shift a
"No.1 objective".
The comments from Allan Swan, President of Panasonic Energy
of North America, highlight how incoming President Donald
Trump's pledge to raise tariff imports on Chinese goods has
forced companies around the world to reassess their
manufacturing processes.
Panasonic Energy, which supplies batteries to Tesla as well
as other automakers, is a unit of Japanese electronics giant
Panasonic ( PCRFF ).
Trump has vowed to impose tariffs of 10% on global imports
into the U.S. along with a 60% tariff on Chinese goods. In
November, he specifically pledged a 25% tariff on imports from
Canada and Mexico when he takes office on Jan. 20.
The first thing the business has to do in regards to Trump
tariffs is "not to have the supply chain dedicated from China,"
Swan told Reuters in an interview in Las Vegas on Monday at the
CES trade show.
"We do have some Chinese supply but we don't have a lot," he
said. "And we have plans not to have some, as we go forward, and
that has accelerated."
The bulk of Panasonic Energy's U.S.-made batteries come from
overseas suppliers, including ones from Canada, Swan added.
Reuters last month reported that Trump's transition team
recommended tariffs on battery materials globally. The
Washington Post on Monday reported his aides were exploring
narrower tariff plans covering critical imports, which Trump
later denied.
In the United States, Panasonic Energy operates a factory in
Nevada and plans to open a second U.S. plant in Kansas this
year.
Japanese firms are bracing for the uncertainties around the
second Trump presidency, especially in his trade policies.
Automakers like Nissan ( NSANF ) and Honda ( HMC ) have
hinted possible impacts from U.S. tariffs on Mexico, a low-cost
production and export hub for the American market. Heavy
machinery maker Komatsu ( KMTUF ) last month said a potential
U.S.-Canada trade war would be a "one-two punch" on its mining
equipment business.