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After flailing through the 2000s as a consumer electronics giant and missing out on the mobile boom, Panasonic found itself a new life with electric cars taking off when Elon Musk and Tesla made the bold and audacious bet on the industry in the mid-2000s.…
Japan’s Panasonic Corp is looking to purchase land in the United States for a mega-factory to make a new type of electric vehicle (EV) battery for Tesla Inc, public broadcaster NHK reported on Friday. Panasonic is looking at building the factory, to cost…
Japan’s Panasonic will begin producing its new lithium-ion battery for Tesla from as early as 2023, with plans to invest about 80 billion yen ($705 million) in production facilities in Japan, the Nikkei reported on Monday. The powerpack could help make…
Japanese electronics giant Panasonic will end TV production in Vietnam and India by the end of fiscal 2021. Panasonic decided to negotiate with Chinese rival TCL, the world’s third-largest TV maker, to handle its outsource production, after considering many…
Panasonic said it would exit solar cell production at Tesla Inc’s New York plant, the latest sign of strain in a partnership where Panasonic’s status as the U.S. electric vehicle (EV) maker’s exclusive battery supplier is ending. The move increases…
Panasonic has developed a new battery management technology that measures a battery’s electrochemical impedance, which is an effective method of evaluating the residual value of lithium-ion batteries in devices. This technology is expected to be applied to…
Japan’s Toyota Motor and Panasonic Corp said they plan to establish a joint company to develop “connected” services to be used in homes and urban development. The tie-up deepens the partnership between the companies, which in January announced a joint venture…
Panasonic Corp warned profit this financial year would fall for the first time in eight years as costs to boost battery output rise and it moves to overhaul some businesses amid investor pressure to find new avenues of growth. The Japanese conglomerate…
Japanese consumer electronics major Panasonic is aiming for revenues of Rs 12,300 crore in India this fiscal, driven by its refrigerator and TV businesses. Panasonic India reported revenues of about Rs 10,500 crore in the previous financial year.The company…
Japanese auto parts maker Denso Corp is considering a 50 billion yen ($440 million) investment in organic light-emitting diode (OLED) panel maker JOLED, Kyodo news reported, citing sources close to the matter. JOLED, majority owned by a state-backed…
Japan’s Panasonic said on Friday it will start producing automotive batteries at its former television screen plant in Japan, accelerating its battery drive to meet anticipated demand for electric vehicles. Panasonic, the exclusive battery cell supplier for…
A new factory in Binh Duong Province is slated to begin operation in October this year. Panasonic Corporation will double its production capacity of wiring devices and circuit breaker in Vietnam by 2020 in an attempt to fulfill robust demand in the country…
Electronics giant Panasonic Corp. is seeking to sell up to 50 percent more TVs in Indonesia this year by offering online shopping and a greater variety of models. The company’s TV sales have been stagnant for three years. “We hope this year we can sell around…
Panasonic Healthcare Indonesia, a local producer of equipment used in the health care industry, has set a target to increase sales by 70 percent over the next four years on the back of growing exports. The company, which is a subsidiary of the Japanese…
As Sumatra, Borneo and Sulawesi plunge into darkness during a rare total solar eclipse on the morning of March 9, 2016, Panasonic will deliver a live broadcast of the approximately 4-minute-long phenomenon from Ternate, an island in eastern Indonesia, using…
Japanese electronics firm Panasonic Corp cut its full-year outlook for operating profit on Wednesday due to concerns over weaker home appliances sales in China amid an economic slowdown. Panasonic forecast group operating profit of 410 billion yen ($3.42…
