Panasonic signed a $7 billion deal with artificial intelligence software company Blue Yonder last year. Company in the next 3 years financial targets and investment areas explained.
One of the biggest problems in the electric car industry is battery times. Many companies, especially companies such as Tesla, BMW and Mercedes, are working on this issue. Battery manufacturer Panasonic announced that they have added the electric car battery to their medium and long-term growth strategy.
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Panasonic to invest $5 billion in car battery
Announcing that it will invest a total of 5 billion dollars until the 2025 fiscal year, Panasonic stated that they will divide the investment into two. The company will focus on growth areas such as automotive battery and supply chain with $3.3 billion. The remaining capital will be invested in production technologies.
Making a statement, the company said, “Panasonic’s umbrella company aims to increase its competitiveness while maintaining financial discipline. With the income obtained, strategic investments will be made within the holding.” made statements.
Panasonic underlined that they are targeting an operating profit of 12,232 billion dollars during the period. As part of the company’s strategy, it will reduce its carbon emissions by 2050. 300 million tons stated that it aims to reduce In recent years, the company has formed a joint venture with Toyota specializing in automotive batteries.
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