Panasonic accelerates EV battery push under $5bn investment plan
Nikkei Asia
23-05-18 21:56
Panasonic has announced plans to spend record capital of ¥700bn ($5.05bn) for FY 2023, with over half of the total to be spent on increasing production of electric vehicle batteries. The company anticipates expansion of the EV market in North America and is prioritising the development of batteries to meet increased demand from automakers.