TOKYO -- Panasonic promised on Friday significant new investments in automotive batteries, hydrogen energy and software as the Japanese electronics maker sets out a strategy to sharpen its focus and improve profitability.
The Osaka-based company will invest 600 billion yen ($4.9 billion) in the next three years, it said. Of the total, 400 billion yen will be earmarked for "growth areas" such as automotive batteries, supply chain software and air-conditioning, while 200 billion yen will be poured into new technologies like hydrogen energy and workplace digitization.
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