TOKYO -- Key Tesla supplier Panasonic Energy says it is no longer aiming to triple revenue and quadruple production capacity of EV batteries by fiscal 2030, amid slower demand in North America.
Technology
Panasonic scraps timetable for EV battery growth as U.S. market slows
Tesla supplier had previously said it would triple revenue by fiscal 2030
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Panasonic has set aside its target of tripling its revenue from EV batteries by fiscal 2030 and will instead focus on profitability and market share. (Photo by Kosaku Mimura)
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