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Panasonic enjoys lift from Tesla but perils lurk ahead

Japanese technology group still faces threat from rival Asian suppliers

Panasonic believes wit will see its business with Tesla will be profitable on an annual basis for the first time this fiscal year.   © Reuters

OSAKA -- Panasonic now expects group net profit of 150 billion yen ($1.43 billion) for the year ending in March, the company said Tuesday, as its battery supply business with U.S. electric-vehicle maker Tesla is expected to go into the black over a 12-month period for the first time.

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