Megan Mongon Lee from Panasonic wants half a battery supply chain inside North America by 2030

Megan Mongon Lee from Panasonic wants half a battery supply chain inside North America by 2030

GettyImages-1915595763 Megan Mongon Lee from Panasonic wants half a battery supply chain inside North America by 2030

Good morning. Panasonic will open the battery factory worth $ 4 billion in De Soto, Kansas, today. It is an exchange of green fire for optimism in a market that is cooled otherwise amid the customs tariffs and the main political transformations – the most recent The end of tax credit worth $ 7,500Thanks to the “big and beautiful draft law”, it is now in the law. (Ford managed to keep its federal tax credits at the last minute. At the same time, Honda newly Ev investment postponement In Canada, and Request in the largest EV factory in Tesla It is below.)

I talked to the CEO of Panasonic America Megan Myungwon Lee about today’s news and what is the next in a mysterious environment for clean energy. She said: “This great long -term commitment started four years ago,” she said. “The function of all the CEO is to move and make decisions at a very mysterious and unconfirmed times.”

Lee prefers to focus on positivity. She told me, “I do not say it is easy.” “But the current administration and the previous administration believe in bringing technology to the market and creating manufacturing functions, and this is what we do.”

Although the new policy environment may delay the schedule for intensifying full production, about 1,100 employees have been appointed 4000 employees. It is expected to adhere to this plan despite artificial intelligence, difficult market conditions, and the plans of the Japanese company that recently announced to reduce 10,000 jobs worldwide, or about 4 % of the workforce.

“Our manufacturing process is really very automated, and for the size we produce, we will still need, at this point, on a few employees to run the factory in Kansas.”

It addresses the challenges that everyone faces in the industry now: “Especially in battery works, the supply chain is global; there are raw materials that we cannot get locally.” But Panasonic changed its supply chain during Kofid and “Our goal is to get at least 50 % of our supply chain in this region by 2030”.

“It is a great start and certainly a celebration, but we have to make sure of the success of the work and there is a healthy return.” More news below.

Communication CEO daily via Diane Brady in Diane.brady@fortune.com

Best news

A new tariff for the European Union and Mexico

On Saturday, President Trump imposed a 30 % tariff on their largest commercial partners, Europe and Mexico. CNBC notes The markets are closed on that day. The European Union is still formulating a response.

Why did the inflation fueled by the customs tariff failure to appear?

Economists have warned for several months that the customs tariff will lead to an increase in inflation, but as of July, there is little evidence of this in economic data, despite about $ 100 billion in the customs tariff that the treasury already collected. luck Economists asked To explain the reason. The possible reasons range from “prematurely” to “consumers who will not defend it.”

NEC director tells Trump Trump Powell’s Powell

Director of the National Economic Council, Kevin Haysate Go to the door Open to the forced removal of US Federal Reserve Chairman Jerome Powell, in statements to ABC on Sunday. A decision will be taken after Powell responds to the July 10 message sent by the administration office and the head of the Budget Ross, who accuses Powell of leaving the renewal of the Federal Reserve headquarters out of control. “I think whether the president decides to pay this road or not to rely a lot on the answers we ask the questions that Ross sent to the Federal Reserve,” said Haset. The message gives the vowell seven working days to respond.

Google’s Chrome may be vulnerable to the artificial intelligence browser competition

The startups of artificial intelligence are divided into a web browser, which is a threat to one of the largest companies in Google. The confusion, which launched this week its web browser, is baffled by guilty, who leads the fees. Experts say Google’s relative slowness on artificial intelligence has left an opening that can give emerging companies from artificial intelligence an opportunity to seize the market share.

Prepare for the high price of coffee

The Trump tax is likely to reach 50 % on Brazil imports at the US coffee price 30 % of all coffee Drunk in America comes from Brazil. In May, coffee reached $ 7.93 per pound, an increase of $ 5.99 in the previous year, NYT reports.

Trump appears to be serious in arming Ukraine

The president said that he would send Patriot missiles to Ukraine, and it appears that he has moved away from Putin significantly. “I haven’t agreed on the number of (missiles) yet, but they will get some, because they need protection,” Trump said on Sunday. “But we will send … we will send them the patriots, which they need strongly, because Putin surprised many people. He speaks well and then everyone explodes in the evening.” Some long -range weapons may include a capacity to reach Russia, Axios reports.

Tim Cook from Apple in the era of artificial intelligence

Apple has left the race to develop and offer artificial intelligence products and services. luckJeff Colvin analysis How this delay is a sign of the legacy of CEO Tim Cook otherwise.

Bennif on artificial intelligence against humans

The CEO of Salesforce Marc Benioff wrote Financial times Last week Dependence of artificial intelligence It led to a hiatus in the employment of engineers and led to a great deal of republishing employees in the first quarter. Benioff said that artificial intelligence agents are now dealing with 85 % of customer service inquiries and have developed 25 % of the new research and development code in the quarter.

Trade expert bombings are “unreliable” in definitions

Trade expert Christine Hoplel He said luck President Donald Trump’s strategy means “unreliable” “any deal it strikes with the administration that does not deserve the paper on which it was written.” According to Hopewell, “He can simply return later demanding more.”

Markets

S & P 500 The futures contracts were 0.39 % this morning, premarkket. The same index closed by 0.33 % on Friday, but it is still near its levels at all. Bitcoin It is now higher than 122 thousand dollars, and it is the highest level ever. South Korea KosPI 0.83 % rose this morning. the Stoxx Europe 600 0.41 % decreased in early trading. UK FTSE 100 It increased by 0.37 % in early trading. Hang Kong Hang Singh It was 0.26 %. Japan Nikki 225 0.28 % decreased. China CSI 300 Index It was flat, and remains above 4000-whose height does not exceed.

From the analysts

Wedbush on the use of artificial intelligence: “Consumer’s use has increased over the past three months, while preference continues in distress for the AI’s generation tools facing consumers. The margin indicates.

Goldman Sachs at the price of the price of the house: “We reduce our expectations for the appreciation of home prices in the United States over the next two years to +0.5 % in 2025 and +1.2 % in 2026, from our previous 3.2 % and 1.9 % expectations, respectively, for each Vinay Viswanathan et al.

Wedbush on stocks: “S&P 500 is almost at its peak, and the feelings / exposure to the investor has increased, but we are still optimistic. The expansion of the market improves, the interest rates are likely to decrease and stimulation (tax cuts loaded in the foreground) should help the investors expect that the current foam rates (Taco) will not be that the trache is not Bashham, and Abu Rimatski.

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