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Panasonic Corporation and Tesla will continue to make new investment in the US electric carmaker’s Gigafactory as needed, but believe they can squeeze more out of existing resources than previously planned, Tesla said. Separately, Panasonic said it was watching the demand situation in the electric car market before making any further investments in expanding the capacity of the Nevada plant.
Panasonic will leverage its innovative technologies and solid track record in high-profile global events as it gears up to empower business organisations participating at mega events,
Japan’s Toyota Motor Corporation and Panasonic Corporation said they plan to establish a joint venture (JV) to develop “connected” services to be used in homes and urban development. Operating officer of Toyota Masayoshi Shirayanagi and Managing Executive Officer of Panasonic Makoto Kitano were present during a press conference in Tokyo on Thursday
Panasonic Corporation reported a 12% drop in its second-quarter operating profit, hurt by the ongoing Sino-US trade war and its battery business with Tesla Inc staying in the red.