Tesla Inc. battery supplier Panasonic Corp. looked to invest ¥600 billion ($4.9 billion) in automotive batteries, supply chain software, and other areas it considered core to its growth.
Panasonic looked to invest ¥400 billion in growth segments, including electric-vehicle cells, and another 200 billion yen in hydrogen device technology over three years through fiscal 2024. Panasonic targeted an accumulated operating profit of ¥1.5 trillion over the period.
