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Search resuls for: "Panasonic Holdings Corp"


13 mentions found


☆ Panasonic, Mazda eye for long-term EV battery supply partnership
  + stars: | 2023-06-21 | by ( ) www.reuters.com   time to read: 1 min
TOKYO, June 21 (Reuters) - Japan's Panasonic Energy and Mazda Motor (7261.T) on Wednesday announced they will discuss a lithium-ion battery supply partnership for electric vehicles. Under the partnership, Panasonic Energy, a Panasonic Holdings Corp (6752.T) unit, would supply Mazda with automotive cylindrical lithium-ion batteries manufactured in Japan and North America for Mazda's battery EVs scheduled to be launched in the latter half of the 2020s, the companies said in a statement. Reporting by Kantaro Komiya, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Kantaro Komiya, Louise Heavens Organizations: Panasonic Energy, Mazda, Wednesday, Panasonic Holdings Corp, Thomson Locations: TOKYO, Japan, North America
☆ Panasonic to boost battery output at Tesla's Nevada Gigafactory - Nikkei
  + stars: | 2023-06-05 | by ( ) www.reuters.com   time to read: +1 min
The company's unit, Panasonic Energy, will install a 15th production line at Gigafactory Nevada, the report said. The report comes after Panasonic said last month it plans to build at least two new factories for the production of Tesla 4680 battery cells in North America by 2030. At the time, Panasonic had not disclosed where in North America it would add the production capacity. Tesla recently told Panasonic it would "buy as much as can make", according to an executive at the Japanese manufacturer, the report added. Panasonic is running a pilot 4680 production line at its Wakayama factory in Japan, while Tesla is already producing the 4680 battery cells, which Musk has touted as being key to making cheaper and compelling electric cars.
Persons: Tesla, Musk, Samrhitha, Pooja Desai Organizations: Japan's Panasonic Holdings Corp, Tesla Inc, Nikkei, Panasonic Energy, Panasonic, Tesla, Thomson Locations: Nevada, Gigafactory Nevada, North America, Wakayama, Japan, Bengaluru
☆ Panasonic plans multiple new battery factories in North America by 2030
  + stars: | 2023-05-18 | by ( ) www.reuters.com   time to read: +2 min
TOKYO, May 18 (Reuters) - Japan's Panasonic Holdings Corp (6752.T) aims to ramp up production of battery cells used in electric vehicles by building at least two new factories in North America, it said on Thursday. Panasonic plans to build at least two new factories for 4680 battery production in North America by 2030, a spokesperson confirmed to Reuters. Panasonic has yet to decide where in North America it will add the production capacity, said the company's Group Chief Executive Officer Yuki Kusumi. Panasonic and trading house Marubeni Corp (8002.T) will build out a delivery network in Japan that will use small electric vans, the Nikkei newspaper said later on Thursday. Panasonic will also set up two other new sites to deepen its battery know-how in Japan over the next two years.
☆ Panasonic plans two or more new battery factories in North America by 2030
  + stars: | 2023-05-18 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, May 18 (Reuters) - Japan's Panasonic Holdings Corp (6752.T) aims to ramp up its production capacity for 4680 battery cells by 2030 by building two or more new factories in North America, it said on Thursday, as it seeks to supply the growing electric vehicle (EV) market. Panasonic plans to build at least two new factories for 4680 battery production in North America, a spokesperson confirmed to Reuters. Panasonic has yet to decide where in North America it will add the production capacity, said the company's Group Chief Executive Officer Yuki Kusumi. Panasonic is running a pilot 4680 production line at its Wakayama factory in Japan, while Tesla is already producing the 4680 battery cells, which Tesla CEO Elon Musk has touted as being key to making cheaper and compelling electric cars. Panasonic will also set up two other new sites to deepen its battery know-how in Japan over the next two years.
☆ Panasonic sees record profit on robust battery demand, U.S. tax credit
  + stars: | 2023-05-10 | by ( ) www.reuters.com   time to read: +1 min
The net profit outlook would be up 23% from the prior record for net profit of 284.1 billion yen, set in the year ending in March 2019. The company sees operating profit of 430 billion yen for the year through March 2024, versus 288.6 billion yen a year earlier. That beats the 383.96 billion yen average of 20 analyst estimates compiled by Refinitiv. For the fourth quarter of the year ended March 31, Panasonic posted operating profit of 54.4 billion yen. That compared with 83.4 billion yen a year prior and the 59.49 billion yen average of 12 analyst estimates.
☆ Panasonic sees higher profit this year on robust battery demand
  + stars: | 2023-05-10 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, May 10 (Reuters) - Japanese electric vehicle (EV) battery maker Panasonic Holdings Corp (6752.T) on Wednesday forecast a higher operating profit this year as it expects robust auto battery sales in the United States. Panasonic expects operating profit of 430 billion yen ($3.18 billion) for the year through March 2024, versus 288.6 billion yen a year earlier. That would compare to the 383.96 billion yen average of 20 analyst estimates compiled by Refinitiv. For the fourth quarter of the year ended March 31, Panasonic posted operating profit of 54.4 billion yen. That compared with 83.4 billion yen a year prior and the 59.49 billion yen average of 12 analyst estimates.
☆ Stellantis, BMW in Talks With Panasonic Over New EV Battery Plants
  + stars: | 2023-04-04 | by ( River Davis | Ryan Felton | William Boston | ) www.wsj.com   time to read: 1 min
Stellantis NV and Bayerische Motoren Werke AG are talking to Panasonic Holdings Corp. about teaming up to build electric-vehicle battery plants in North America, people familiar with the talks said. Panasonic specializes in cylindrical batteries, which resemble an oversize version of the AA batteries commonly used in consumer devices. Over the past decade, Japan-based Panasonic has churned out billions of cylindrical cells for its main car-making customer, Tesla Inc.
☆ First Big U.S. EV-Battery Plant Offers Lessons as Industry Springs Up
  + stars: | 2023-02-25 | by ( River Davis | ) www.wsj.com   time to read: 1 min
SPARKS, Nev.—A pioneer in making electric-vehicle batteries in the U.S. has a message for newcomers: It takes time to power up. Japan’s Panasonic Holdings Corp. started building what would become America’s first large-scale EV-battery plant in 2015, at a site owned by Tesla Inc. in the rolling hills outside of Reno, Nev.
☆ Panasonic cuts full-year outlook as costly raw materials weigh
  + stars: | 2023-02-02 | by ( Daniel Leussink | ) www.reuters.com   time to read: +2 min
TOKYO, Feb 2 (Reuters) - Japan's Panasonic Holdings Corp (6752.T) cut its annual operating profit forecast by 12.5% on Thursday after lower-than-expected third-quarter earnings, hit by headwinds from a slowing global economy and persistently high raw materials prices. The conglomerate slashed its operating profit forecast to 280 billion yen ($2.18 billion) for the financial year to Mar. 31, from 320 billion yen, in part due to a less rosy outlook for its industry segment this quarter. Panasonic's third-quarter result, with its operating profit rising 16% to 84.4 billion yen in the three months ended Dec. 31, fell short of a mean estimate of 95.31 billion yen profit from nine analysts. Most investors were focused on more clarity and details about U.S. Inflation Reduction Act benefits for Panasonic's EV battery cell production, such as the size and sustainability of subsidies, the analysts added.
☆ Canoo to build battery manufacturing facility in Oklahoma
  + stars: | 2022-11-02 | by ( ) www.reuters.com   time to read: +1 min
Nov 2 (Reuters) - Electric vehicle startup Canoo Inc (GOEV.O) said on Wednesday it would build a battery manufacturing facility at Pryor in Oklahoma with a capacity of 320 Megawatt hours production. The company's Pryor facility will make proprietary battery modules, energy management system and thermal control technology, CEO and Chairman Tony Aquila said. Canoo added it will be the first electric vehicle company to produce battery modules using hydro-power from the Grand River Dam Authority. The company's new battery manufacturing facility will be in the same industrial park as its future "MegaMicro" factory, Canoo said. Canoo last year announced Panasonic Holdings Corp (6752.T), which also supplies battery cells to Tesla Inc (TSLA.O), will be its provider for manufacturing battery packs.
☆ Panasonic to start building Kansas battery plant next month
  + stars: | 2022-10-31 | by ( ) www.reuters.com   time to read: +3 min
The conglomerate also lowered its full-year operating profit forecast to 320 billion yen ($2.16 billion) from 360 billion yen for the year ending March 31. That compares with a 349.9 billion yen average forecast by 19 analysts. Panasonic posted an 11% drop in second-quarter operating profit, but performed better than analysts' estimates. It reported 86.1 billion yen ($582.54 million) in operating profit for the three months to end-September, versus an average 81.6 billion yen profit estimated by nine analysts, according to Refinitiv data. Panasonic has said that, by 2029, it plans to expand its battery production capacity by three to four times, with most of the increase in North America.
☆ Socionext defies chip slump with Japan's biggest IPO this year
  + stars: | 2022-10-12 | by ( Sam Byford | ) www.reuters.com   time to read: +3 min
TOKYO, Oct 12 (Reuters) - Making its market debut on Wednesday, Japan's Socionext Inc (6526.T) bucked softening sentiment toward chips by surging 15% in Tokyo's biggest initial public offering of the year so far. The total deal size was 76.8 billion yen ($525 million), including an overallotment of 2.74 million shares. Based in Yokohama, Socionext was formed in 2015 out of a merger between chipmaking units at Fujitsu Ltd (6702.T) and Panasonic Holdings Corp (6752.T). Socionext says it designs SoCs for clients including major automakers and 5G vendors. But Chu said Socionext was coming in at a "wide discount" to international peers.
☆ Factbox: Automakers accelerate drive to secure battery raw materials
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +7 min
read more08-Dec-2021 - Belgium's Umicore (UMI.BR) will supply cathode materials for Volkswagen's European battery cell factories under a joint venture. MERCEDES BENZ (MBGn.DE):23-Aug-2022 - Mercedes-Benz strikes cooperation agreement with Canada to secure access to lithium, nickel and cobalt. read more04-Oct-2021 - BHP Group (BHP.AX) will supply nickel sulphate from Western Australia to Toyota and Panasonic's joint venture. read moreFORD (F.N)22-July-2022 - Ioneer Ltd signs binding offtake agreement with Ford to supply lithium from Rhyolite Ridge in Nevada. read more22-Sept-2021 - Ford partners with startup Redwood Materials to form a "closed loop" or circular supply chain for electric vehicle batteries, from raw materials to recycling.
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