The Osaka-based firm will invest 400 billion yen in growth areas including electric vehicle cells
Panasonic will start mass production of 4680 batteries in the fiscal year starting April 2023
Proceeds will be used for investing in future growth
A handful of companies based in China, Japan and South Korea, make automotive-grade battery cells, which has upset the traditional dynamic between carmakers and parts suppliers
© 2021 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.