OSAKA -- Panasonic Holdings is under fire from shareholders as its stock price has fallen 22% over the past year despite record consolidated net profit, with miscalculations involving electric vehicle batteries and heat pumps to blame.
Companies
Panasonic draws shareholder ire as stock sinks 22% in a year
Troubles with EV batteries and heat pumps sap market cap despite record profit
Panasonic made big bets on EV batteries and heat pumps that have not panned out. © Reuters
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