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Tuesday, December 13, 2022

De Soto, Kansas City, Kansas -- December 13, 2022

From Barron's

Electric vehicle start-up Lucid is securing electric-vehicle batteries ahead of its product line expansion. 

On Tuesday, Lucid said that Panasonic will supply EV batteries for its full lineup of electric vehicles

The batteries will come from facilities in Japan as well as a new plant to be built in De Soto, Kansas. 

What intrigued me? De Soto, Kansas.

De Sota, Kansas: within the Kansas City, Kansas, metropolitan area. 

Now, Kansas City?

Link here.

The Kansas City region is a top automotive logistics hub, home to major production facilities for both Ford and General Motors, as well as nearly 70 auto industry suppliers. 

In the last decade, the Kansas City region has seen significant economic investment from the automotive sector.
Reinvestment in General Motors’ Fairfax, KS, operation ($265 million in 2018 and $650 million in 2013), Ford’s Claycomo, MO, facility ($100 million in 2021, $400 million in 2019 and $1.2 billion in 2011), and Ford's stamping plant in Liberty, MO, ($101 million in 2020, $5.8 million in 2019 and $260 million in 2011) has resulted in a surge of interest and investment from automotive suppliers looking to the KC region for new facilities. 

Kansas City has been named the #2 auto industry trading hub in North America by the Brookings Institution and employs more than 20,941 individuals in the auto and transportation industry.
Ford’s KC plant has been cited as its most productive worldwide, producing the new Ford Transit Van and best-selling F-150 truck.

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