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Companies

Panasonic bets on its strength in batteries to drive profit

Key Tesla supplier aims to profit from clean energy shift

Yuki Kusumi recently assumed the CEO position at Panasonic. (Source photo by AP) 

TOKYO -- Panasonic, a key Tesla supplier, aims to capitalize on its strength in battery technology to drive profit amid an accelerating shift to clean energy, its CEO said on Thursday.

Yuki Kusumi, outlining the company's focus under his new leadership, placed clean energy and resource efficiency at the core of its business operations, as his company aims to go on the offensive after years of restructuring.

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