ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

Panasonic ditches European disposable battery units in pivot to EVs

As alkaline cells lose favor, production plants to be sold to German fund Aurelius

Panasonic has sold over 200 billion non-rechargeable batteries to date. (Photo Kento Hirashima)

OSAKA -- Panasonic said Wednesday it will sell two European plants that produce disposable consumer batteries to German asset manager Aurelius Group, marking a shift toward the more promising field of batteries for electric vehicles.

In a deal due to be finalized in June, the Japanese technology company will sell off a Polish plant and Belgium plant as well as a sales unit. The deal also includes Eneloop, a brand of rechargeable batteries and accessories, which employs nickel-metal hydride technology.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more