The ¥860-billion acquisition of U.S. supply chain management firm Blue Yonder Holdings Inc. last year contributed to the net profit jump, the company said.
Panasonic predicts it ll profit selling batteries to Tesla in 2021 The companies decades-old partnership is expected to finally benefit the tech giant in a big way for the next fiscal year by Tim Kelly
SHARE STORY Assembly workers put together a Tesla Model S at the Tesla factory in Fremont, Calif., Friday, June 22, 2012. Paul Sakuma / Associated Press
Panasonic said on Tuesday it expects its battery business supplying Tesla to be profitable this fiscal year, and raised its full-year operating profit forecast by more than half.
After several years of production troubles and delays at Tesla, Panasonic is beginning to see its decade-old partnership with the U.S. company become a profit driver.
Panasonic says its Tesla battery business will become profitable this year autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.
Panasonic says Tesla business to be profitable, boosts profit outlook By Tim Kelly
FILE PHOTO: A man is reflected on Panasonic Corp s logo at Panasonic Center in Tokyo
TOKYO (Reuters) – Panasonic Corp said on Tuesday it expects its battery business supplying Tesla Inc to be profitable this fiscal year, and raised its full-year operating profit forecast by more than half.
After several years of production troubles and delays at Tesla, Panasonic is beginning to see its decade-old partnership with the U.S. company become a profit driver.
Panasonic announced in October that it was developing a new battery cell designed by Tesla, one that would help Tesla halve battery costs and ramp up battery production 100-fold by 2030.
Panasonic lifts fiscal 2020 profit forecasts on strong demand Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Despite the negative impact of the coronavirus pandemic, Panasonic has more upbeat views on its segments dealing with home appliances such as refrigerators and air conditioners, automotive equipment and industrial solutions. | REUTERS
Kyodo Feb 2, 2021
Panasonic Corp. on Tuesday raised its earnings forecasts for the current year through March, projecting a net profit of ¥150 billion ($1.4 billion), helped by stronger-than-expected sales in home appliances and a pickup in demand for automotive equipment.