The De Soto City Council unanimously voted to approve a development agreement with Panasonic Energy Corporation of North America in October 2023, solidifying the terms and conditions related to the development of the company’s electric vehicle battery manufacturing facility. The Panasonic facility will be located at Astra Enterprise Park in southwest De Soto.
The agreement ensures funding for significant infrastructure and services needed to support the new facility and future growth in the area. It also represents a significant milestone in the City’s efforts to facilitate the redevelopment of the former Sunflower Army Ammunition Plant, which has been dormant since the mid 1990’s.