Panasonic Energy Eyes Expansion With Four New Factories For EV Battery Manufacturing: Report
Portfolio Pulse from Anusuya Lahiri
Panasonic Energy, a subsidiary of Panasonic Holdings Corp, plans to build four more factories to boost its annual capacity of batteries for electric vehicles by 2031. The company is open to potential joint ventures for EV battery production, including with automaker Mazda Motor Corp. The company aims to boost annual EV capacity to 200-gigawatt hours (GWh) by early 2031, around four times greater than its capacity in March this year.
July 03, 2023 | 10:40 am
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POSITIVE IMPACT
Mazda Motor Corp could potentially benefit from a joint venture with Panasonic Energy for EV battery production, which could positively impact its stock price.
A potential joint venture with Panasonic Energy could provide Mazda with access to high-quality EV batteries, which could enhance the performance and appeal of its EVs. This could potentially increase its sales and profitability, which could positively impact its stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Panasonic Energy's plans to expand its EV battery production capacity could potentially increase the company's market share in the EV battery market, which could positively impact its stock price.
The expansion of Panasonic Energy's production capacity could increase its market share in the EV battery market. This could lead to increased revenues and profitability, which could positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla, as a supplier of Panasonic Energy, could potentially benefit from the latter's expansion plans, which could positively impact its stock price.
As a supplier of Panasonic Energy, Tesla could potentially benefit from the latter's expansion plans. This could lead to increased sales and profitability for Tesla, which could positively impact its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50