Panasonic Energy to Purchase Silicon Anode Materials from Nexeon, Enabling Production of Higher-energy-density EV Batteries in the U.S.

Osaka, Japan - July 25, 2023 – Panasonic Energy Co., Ltd., a Panasonic Group Company, today announced the signing of an agreement to purchase silicon anode material for automotive batteries from U.K.-based Nexeon Limited ("Nexeon"; Oxfordshire, U.K.) to boost the performance of lithium-ion batteries for electric vehicles (EVs). Nexeon’s silicon anode material will be used for lithium-ion batteries to be manufactured at a new facility in De Soto, Kansas, U.S., from 2025.