Panasonic is building a new campus near the Tesla Nevada Gigafactory

$Tesla (TSLA.US)$ $Panasonic Holdings (ADR) (PCRFY.US)$ According to reports, Tesla's battery supplier, Panasonic, which produces multiple batteries at the Nevada Gigafactory, is building a new park near the Nevada Gigafactory and plans to put it into operation next spring. According to the news from Panasonic's official website, the building of the new Panasonic North America Park is not a new construction, but a renovation of a building owned by the Industrial Realty Group, an industrial real estate investor. The time required for the construction of the new park will also be significantly shortened. After completion, the new park belongs to Panasonic Energy North America, which is a branch of Panasonic North America.

Article excerpted from the US Stock Research Agency