TOKYO -- Panasonic Holdings said on Thursday that it now views Japan as a new "strategic market" for its electric vehicle battery business, in addition to the U.S. where the conglomerate is a key supplier to Tesla.
Technology
Panasonic turns to Japan as European, U.S. EV demand slows
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Panasonic's booth at an exhibition of air conditioning systems in Beijing last month. The diversified company's EV battery business is facing slowing growth in Europe and the U.S. as drivers balk at the high prices of electric cars. (Photo by Shunsuke Tabeta)
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