Panasonic's energy unit missed its operating profit target due to lower EV battery production and consumer product sales.
Panasonic's energy unit missed its operating profit target for the last fiscal year due to lower EV battery production in Japan and falling consumer product sales. The battery segment, which supplies Tesla and other automakers, made 88.8 billion yen, lower than the 113 billion yen forecast. The company expects a 23% increase in operating profit for the current business year, reaching 109 billion yen.
May 09, 2024
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