OSAKA -- Panasonic Holdings will liquidate its subsidiary that produces LCD panels, the Japanese electronics giant said on Monday, shedding a longtime burden on earnings and intensifying the company's shift toward manufacturing electric vehicle batteries.
Electronics
Panasonic dissolves LCD subsidiary, focusing on EV batteries
Japanese conglomerate raises net profit projection on tax adjustment
Panasonic decided to cease production at its LCD plant in the Japanese city of Himeji in 2019. (Photo acquired by Nikkei)
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