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Toyota-Panasonic venture to start EV battery development in April

TOKYO (Reuters) – Toyota Motor Corp (7203.T) and Panasonic Corp (6752.T) have agreed to set up a joint venture that will begin developing electric vehicle (EV) batteries from April, as the Japanese companies gear up for an expected surge in demand. The new com... More »

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Panasonic to consider more investment in Tesla’s Gigafactory if…

OSAKA (Reuters) – Panasonic Corp would consider further investment in Tesla Inc’s so-called Gigafactory if requested by the U.S. electric vehicle maker, an executive at the Japanese conglomerate said on Monday. The investment would come on top of the $1.6 bill... More »

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Panasonic considers selling security camera factory in China: Nikkei

A man is seen next to Panasonic Corp’s logo at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Panasonic Corp is considering selling a Chinese plant that makes security cameras in a deal it hopes will fetch over $45... More »

Tesla, Panasonic to collaborate on solar cells production

A man looks around Tesla Motors’ Model S P85 at its showroom in Beijing January 29, 2014. REUTERS/Kim Kyung-Hoon/File Photo Elon Musk’s Tesla Motors said it would collaborate with Japan’s Panasonic Corp to manufacture solar cells and modules in New York. More »

Panasonic to abandon 10 trillion yen 2019 sales target: Nikkei

Japanese electronics maker Panasonic Corp will scrap its 10 trillion yen ($88.93 billion) group sales target for fiscal year ending March 2019 due to a cooling global business environment, the Nikkei reported. The company is now targeting sales of about 9 tril... More »