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Panasonic To Move Appliance Production From Thailand To Vietnam - Nikkei
Panasonic CFO: Production At Nevada Gigafactory Has Resumed After Coronavirus Shutdown
Panasonic - U.S. Battery JV With Tesla Logs Second Quarterly Profit In A Row
Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices. The Eco Solutions segment is engaged in development, manufacture and sale of lighting fixtures, lamps, wiring devices, solar photovoltaic systems, ventilation and air-conditioning equipment, air purifiers and nursing-care-related products. The AVC Networks segment is engaged in development, manufacture and sale of products, such as aircraft in-flight entertainment systems, personal computers, and social infrastructure systems equipment. The Automotive & Industrial Systems segment is engaged in the development, manufacture and sale of automotive products, energy products, industrial devices and factory solutions.
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President, Executive President, Chief Executive Officer, Representative Director
Chief Financial Officer, Managing Executive Officer, President of Subsidiary, Director
Executive Vice President, Chairman of Subsidiary, Representative Director
Chief Technology Officer, Chief Information Officer, Chief Manufacturing Officer, Chief Procurement Officer, Chief Quality Officer, Senior Managing Executive Officer
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Japanese appliance-maker Panasonic Corp on Thursday said that next year it will move its Thai-based production of refrigerators and washing machines to Vietnam, laying off some 800 workers.
* ARROW ELECTRONICS, PANASONIC INDUSTRY AND STMICROELECTRONICS PARTNER TO PROVIDE IOT MODULES FOR CONNECTED APPLICATIONS Source text for Eikon: Further company coverage: (Gdansk Newsroom)
Panasonic Corp's <6752.T> finance chief said the company is seeing strong demand for battery cells from U.S. partner Tesla <TSLA.O> and they are in talks to expand their joint plant in Nevada, which is now profitable.
Japan's Panasonic Corp, a top supplier of battery cells to Tesla Inc, reported a 28.6% drop in annual operating profit and did not issue an earnings forecast for the current year due to uncertainty about the impact of the coronavirus.
(This story was refiled to say news was earlier reported by the Reno Gazette Journal)
Panasonic Corp <6752.T> said it would exit solar cell production at Tesla Inc's New York plant, the latest sign of strain in a partnership where Panasonic's status as the U.S. electric vehicle (EV) maker's exclusive battery supplier is ending.
Tesla and Panasonic are ending their partnership to produce solar cells, the Nikkei reported on Wednesday, as the Japanese electronics company ramps up efforts to divest unprofitable businesses.
Tesla Inc's stock surged 20% on Monday in its largest one-day gain since 2013, fueled by a quarterly profit at Panasonic's battery business with the U.S. car maker and an investor report predicting its shares would rise more than ten-fold by 2024.
Shares of Panasonic Corp jumped more than 8% in early Tuesday trade after the Japanese electronics conglomerate the previous day reported its first quarterly profit at its U.S. battery venture with Tesla Inc .
* Follows years of production troubles, delays at U.S. partner
Toyota Motor Corp and Panasonic Corp have agreed to set up a joint venture that will begin developing electric vehicle (EV) batteries from April, as the Japanese companies gear up for an expected surge in demand.
Panasonic Corp on Monday reported a 3% rise in third-quarter operating profit, beating analyst estimates, thanks to restructuring efforts and an improvement at the joint battery business with Tesla Inc
Toyota Motor Corp and Panasonic Corp have agreed to set up a joint venture specializing in prismatic electric vehicle batteries.
China's top electric vehicle battery maker CATL <300750.SZ> said on Monday it has signed a battery supply agreement with Tesla <TSLA.O>.
Australia's Clean TeQ Holdings Ltd said on Thursday it entered into an agreement to supply scandium oxide, used for making high-temperature-resistant metal alloys, to a unit of Japan's Panasonic Corp.
Israeli chip manufacturer TowerJazz <TSEM.TA> said on Monday it will not sell its 51% stake and board control in its joint venture (JV) with Panasonic Corp <6752.T> in Japan.
Panasonic Corp <6752.T> said it would sell its loss-making semiconductor unit to Taiwan's Nuvoton Technology Corp <4919.TW> for $250 million as the Japanese electronics giant struggles to lift its profit amid a lack of growth drivers.
Panasonic Corp <6752.T> said on Thursday it would sell its loss-making semiconductor unit to Taiwan's Nuvoton Technology Corp <4919.TW>, as the Japanese electronics giant struggles to boost profits amid a lack of growth drivers.
Japan's Panasonic Corp will sell its loss-making semiconductor business to Taiwan's Nuvoton Technology, Nikkei Asian Review reported on Thursday.
Panasonic Corp <6752.T> has no plans to build a new battery plant for Tesla Inc <TSLA.O> in China, the Japanese company's chief executive said, as it struggles to make money from its existing battery business with the electric vehicle (EV) maker.
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