A new electric vehicle battery factory is coming to Kansas, along with billions of dollars of investment.
Panasonic Corp. announced the plan Wednesday; workers at the factory will make high-capacity batteries for Tesla, according to a report by Nikkei Asia.
Kansas competed against Oklahoma for the investment, and well as hundreds of new jobs expected to come with the plant.
Kansas approved a vast new business incentive program to better attract billion-dollar megaprojects, like the proposed Panasonic plant.
Johnson County in the northeast part of the state is presumed to be a likely possibility for the location of the proposed plant.
In the past month, the De Soto City Council approved a pair of plans as outlines for large manufacturing facilities.
The initial project is expected to deliver as many as 4,000 new jobs.
Council-members also approved a plan to issue as much as $100 million in industrial revenue bonds. The plan provides Sunflower Redevelopment Group a sales tax exemption on construction materials used to install things like water, sewer, and road upgrades.
Infrastructure improvements are needed at the location before any company can build a plant on the site.