Panasonic Holdings Corp (MAT1.MU)
- Reuters
Slowing EV uptake may delay Panasonic's EV battery expansion, CEO says
A slowdown in the take-up of electric vehicles in the U.S. may prompt Tesla-supplier Panasonic to delay investing in additional plants to boost its automotive battery capacity in North America, the Japanese group's chief executive said. Panasonic, whose energy unit makes batteries for Tesla, is closely watching its Chinese supply chain and battery material procurement following China's move last year to tighten graphite export controls, Yuki Kusumi said. Kusumi's remarks may suggest Panasonic will not build a third battery plant in North America with its energy unit any time soon.
- Yahoo Finance UK
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- Simply Wall St.
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