42 days ago • Posted by William Ramstein

Panasonic corps expects profits to jump 27.6% this year

The Japanese maker of items from bicycles to hair dryers is looking to tap growing demand for electric car batteries through its decade-old partnership with Tesla Inc and is investing heavily in supply chain management services. This business year, Panasonic plans to begin a test line in Japan to make 4,680 battery cells, a source earlier told Reuters. Tesla says such a format will halve battery costs and help ramp up battery production 100-fold by 2030.

Source: Bloomberg