ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology

Panasonic in a jam as Tesla taps new battery supplies in China

EV batteries one of the few bright spots for the Japanese electronics maker

A Tesla China-made Model 3 vehicle at factory in Shanghai. Panasonic will no longer be the sole supplier of batteries for the electric vehicle in China.   © Reuters
ITSURO FUJINO, KANA WATANABE and TAKESHI SHIRAISHI, Nikkei staff writers | China

OSAKA/PALO ALTO -- A bright spot in Panasonic's otherwise disappointing earnings report this week was the improvement in its electric vehicle battery sales to Tesla. 

"During the third quarter [the EV battery business] has started to climb out of the red," Hirokazu Umeda, Panasonic's chief financial officer, told reporters.

Read Next

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

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.

Accept & Continue Close