Panasonic Corp. (PCRFY)
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Panasonic's battery unit Q1 operating profit hurt by decreasing sales
Japan's Panasonic Holdings said on Wednesday the first-quarter operating profit of its battery-making energy unit was hit by decreasing sales and faced a decline in production at its automotive battery factory in Japan.
Slowing EV uptake may delay Panasonic's EV battery expansion, CEO says
A slowdown in the take-up of electric vehicles in the U.S. may prompt Tesla-supplier Panasonic to delay investing in additional plants to boost its automotive battery capacity in North America, the Japanese group's chief executive said.
Panasonic: Chinese Battery Tariffs And A Ticker Change
Panasonic's stock is currently at a low point due to its association with the declining EV industry. The US is increasing tariffs on Chinese lithium-ion batteries, potentially making Chinese imports more expensive than US-produced cells. Panasonic's ADR ticker changed from PCRFY to PCRHY, and the company terminated its deposit agreement with JP Morgan.
