01
Nov
06:36
Panasonic lowers automotive battery unit profit forecast
Panasonic recently cut its battery unit’s operating profit forecast by 15% to JPY 115 billion ($769 million) from JPY 135 billion, for the full fiscal 2024 period (from April 2023 to March 2024), Kallanish learns.
The Japanese battery giant warned that demand for high-end electric vehicles is slowing especially in areas where the US’s Inflation Reduction Act credits are limited. The company’s major client is Tesla, which failed to meet…
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Anonymous
Very good overview of the weekly steel market.
Anonymous