Panasonic Energy, a Japanese company that supplies batteries to Tesla, has announced that it has completed preparations for the mass production of its new high-capacity electric vehicle batteries.

Panasonic Energy prepares for high-capacity EV battery production

Panasonic Holdings recently reported a 7% drop in first-quarter operating profit, signalling ongoing difficulties in its battery manufacturing segment. Despite this setback, the company remains optimistic about its annual profit outlook, reflecting confidence in its long-term strategies.

Panasonic faces profit decline amid EV market challenges

A slowdown in electric vehicle (EV) adoption in the United States might cause Panasonic to reconsider its plans to expand automotive battery capacity in North America.

Panasonic rethinks North American battery plant expansion amidst U.S. EV slowdown

Panasonic reported a 42% surge in first-quarter operating profit, buoyed by a weaker Yen and stronger sales in its automotive and energy segments. Panasonic’s operating profit came to $637 million in the three months to end-June, almost exactly in line with analyst forecasts. Overall, first-quarter operating profit of the battery unit came to $206 million, jumping more than 80% from the same period the previous year.

Panasonic’s Q1 profit surges 42% | World Business Watch

Japanese electronics brand Panasonic on Monday revealed a remarkable 42 per cent surge in first-quarter operating profit as a weaker yen and strong sales in its automotive and energy segments bolstered the company's financial performance.

Panasonic records 42% surge in Q1 profit, keeps full-year forecast

Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday.

Panasonic sells Tesla stake for $3.6 billion

Japan's Panasonic Corp has appointed its head of automotive business Yuki Kusumi as the company's next chief executive officer, replacing Kazuhiro Tsuga, who was the architect of a partnership with Tesla Inc.

Panasonic appoints company veteran Kusumi as CEO, replacing Tsuga

Panasonic Corp on Thursday reported a 12 percent drop in its second-quarter operating profit as the Japanese firm was hurt by the Sino-US trade war and higher development costs related to its automotive business in Europe.

Japan's Panasonic profit drops 12% on trade war, higher costs

Japan's Panasonic on Thursday said it was halting business with Huawei, joining a growing list of firms distancing themselves from the Chinese telecoms giant after a US ban over security concerns.

Panasonic joins firms stepping away from Huawei after US ban

Shares of Tesla fell Thursday following a report the electric car company and electronics giant Panasonic are suspending plans to expand a battery plant due to weak demand for the vehicles.

Tesla shares fall over reports of battery plant suspension

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