The outlook for the EV sector in the U.S. remains uncertain due to the upcoming presidential election in November and potential future regulatory decisions affecting the industry. Panasonic Energy is working to expand its presence in North America, with a second U.S. plant in Kansas scheduled to begin production early next year, complementing another facility in Nevada that supplies batteries to Tesla. The unit faces competition from other Asian battery manufacturers, including China's CATL and South Korea's LG Energy Solution (LGES), which recently announced a forecasted revenue drop of over 20% for the year. Additionally, Panasonic Connect and Japan's Orix have announced a capital partnership agreement concerning the transfer of Panasonic's projector and display business.