TOKYO -- Japan's Panasonic Holdings said Monday it is slashing domestic electric battery production by 60% due to slower than expected sales of some models to key client Tesla.
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Panasonic logs record profit but slashes Japan EV battery production
Company reaps U.S. subsidy windfall, vows to find new uses for idled lines
Analysts warn that Panasonic faces fast-moving rivals in the EV battery business. © Reuters
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