Panasonic

Japan's Panasonic targets 10,000 job cuts worldwide

The figure represents around 4% of the firm’s total workforce of nearly 230,000

Panasonic whose sprawling operations include hairdryers, PCs and lithium-ion batteries used by the likes of Tesla, will restructure or streamline businesses with low growth potential. It said it will also make changes to its employment structure.

Tesla supplier Panasonic to cut costs to support shift into AI

In the December quarter, Panasonic reported a 4% rise in operating profit, helped by its lifestyle segment

The partnership with Anthropic is meant to improve natural-language interaction with Panasonic’s products.

Panasonic teams up with Anthropic, aims for 30% of sales from AI

PANASONIC Holdings will embrace artificial intelligence (AI) technology across its hardware and software businesses and team up with Anthropic, one of the leaders in the industry, with the goal of boo...

Panasonic Energy, which supplies batteries to Tesla as well as other automakers, is a unit of Japanese electronics giant Panasonic.

Tesla supplier Panasonic Energy: cutting China supply ‘No.1 objective’ for US

TESLA supplier Panasonic Energy plans to eliminate its supply-chain dependence on China for electric vehicle batteries made in the United States, a senior executive told Reuters, calling the shift a “...

Panasonic Energy’s renovated plant in the western prefecture of Wakayama will serve as the main factory for producing the 4680 cells.

Panasonic’s energy unit prepares for high-capacity EV battery production

THE energy unit of Japan’s Panasonic Holdings has finalised preparations for the mass-production of its high-capacity electric-vehicle batteries, the company said on Monday (Sep 9), as it seeks to sta...

Following the Japanese manufacturer’s collaboration with Amazon earlier this year, all TVs will have a Fire TV built-in, allowing for video-on-demand services and online gaming.

Panasonic returns to US TV market after decade-long absence

The rise of smart homes and an expansion of Panasonic’s operations enabled the new initiative

Panasonic said. operating income for the key segment, which makes batteries for Tesla and other automakers, totalled 88.8 billion yen (S$775 million) in the year that ended in March, missing its own 113 billion yen forecast.

Panasonic’s battery unit misses annual profit estimate

THE energy unit of Japan’s Panasonic Holdings missed its operating profit guidance for the past business year due to lower electric-vehicle battery production in Japan and a fall in sales of consumer ...

Panasonic will acquire a 20 per cent stake in Star Japan, the company which will own the new parent company of Panasonic Automotive Systems.

Panasonic to sell autos business to Apollo Global-managed funds

JAPAN’S Panasonic said on Friday (Mar 29) it will sell its entire stake in Panasonic Automotive Systems (PAS) to funds managed by US private equity firm Apollo Global Management, and then make an inve...

The cost to build the entire operation is estimated at about US$1.2 billion, and Nouveau Monde Graphite plans to raise US$725 million in debt and US$475 million in equity.

General Motors, Panasonic sign investment deals with Canadian graphite producer

GENERAL Motors and Panasonic Holdings have signed agreements to buy electric-vehicle battery materials from Nouveau Monde Graphite and will invest in the Canadian miner to help it produce high-quality...

The battery unit, Panasonic Energy, expects the Kansas plant to take its annual auto battery capacity to 80 GWh a year.

Panasonic is putting productivity boost ahead of new EV plant in US

PANASONIC’S battery business must focus on boosting productivity, group CEO Yuki Kusumi said, signalling the Tesla supplier may hold off building a third battery plant in North America as demand for e...