OSAKA -- Panasonic Holdings plans a record 700 billion yen ($5.05 billion) in capital spending for the fiscal year ending March 2024, with more than half going toward increasing output of electric-vehicle batteries.
"We will help expand the EV market in North America," President and CEO Yuki Kusumi said while presenting the group's strategy Thursday. He framed EV batteries as a top priority for the company.
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