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...The geopolitical challenges have emerged as Kusumi is trying to take Panasonic to its next phase of growth....
...Panasonic’s battery plants include two in the US and one in Mexico, and the company plans to add two more in North America before 2031, according to a May interview with Reuters....
...Panasonic is making the right bet....
...Hiroaki Koda, who heads a joint battery venture between Toyota and Panasonic, told the Financial Times in an interview that new liquid-based lithium-ion batteries would be dominant for the next 10 years....
...Panasonic is investing billions to build a plant in Kansas....
...Pedal to the metal please, Panasonic....
...The Panasonic boss freely confesses that climate change was not a top priority when he ran the Japanese group’s automotive business....
...GBA’s nearly 200 members include large companies from a range of sectors, including Nestlé USA, AstraZeneca, Diageo, Mercedes-Benz, Panasonic, Sony Corporation of America and chipmaker TSMC....
...Panasonic Energy, an affiliate of Panasonic Holdings, is adding another production line — the 15th in total — at gigafactory Nevada, with plans for it to start operating within the next year or two....
...Panasonic, too, should spread its bets....
...The IRA has already prompted an investment spree by Japanese manufacturers with Panasonic, Toyota, Honda, Bridgestone and others announcing additional spending plans in the US....
...Suggested reads Rapidus confident Japan can close ‘20-year’ gap with global chip leaders (Nikkei Asia) Panasonic’s EV battery unit boosts US supply chain with potential alternative to materials from China...
...With the US offering tax breaks for every section of the green hydrogen supply chain and China also investing heavily, companies such as Toyota and Panasonic are increasingly looking outside Japan to sell...
...In Panasonic’s case, the company argues that its contributions to lowering emissions by selling car batteries for use in Tesla’s electric vehicles should be recognised, even if producing the batteries is...
...Toyota is also working on the technology with Panasonic through their joint battery venture....
...Separately on Thursday, Panasonic cut its full-year net profit forecast by 11 per cent from October, blaming a slowdown in the Chinese economy for lower sales of its electronics devices and factory automation...
...Panasonic said no decision had been made on the research component of the Kansas plant....
...There was a Sony feature phone, which was on the cutting edge of design at the time, an Olympus voice recorder, a Toshiba music player and a Panasonic digital camera....
...There are still plenty of opportunities for private equity created by succession challenges at Japanese companies and carve-outs of non-core assets at conglomerates such as Panasonic, Fujitsu and others....
...Media businesses dominate the earnings reports this week, in particular the quarterly results from Rupert Murdoch’s two titans of broadcasting and newspapers: Fox and News Corp....
...This year, it acquired real estate manager Mitsubishi Corp-UBS Realty for $2bn....
...That would be roughly 80 times bigger than the capacity Tesla and Panasonic are planning to achieve by 2022....
...Panasonic has been beset by a global chip shortage worsened by the coronavirus pandemic....
...It could be colossal,” Allan Swan, the head of Panasonic’s US battery manufacturing unit, told the Financial Times....
...Over the past few years, KKR has bought businesses from Hitachi, Panasonic and other conglomerates seeking to sell non-core businesses....
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