Panasonic signed a $7 billion deal with artificial intelligence software company Blue Yonder last year. The company announced its financial targets and investment areas for the next 3 years.
One of the biggest problems in the electric car industry is battery times. Many companies, especially companies such as Tesla, BMW and Mercedes, are working on this issue. Battery manufacturer Panasonic announced that they have added the electric car battery to their medium and long-term growth strategy.
Panasonic will invest 5 billion dollars for automobile batteries
Announcing that it will invest a total of 5 billion dollars until the 2025 fiscal year, Panasonic stated that they will divide the investment into two. The company will focus on growth areas such as automotive battery and supply chain with $3.3 billion. The remaining capital will be invested in production technologies.
Making a statement, the company said, “Panasonic’s umbrella company aims to increase its competitiveness while maintaining financial discipline. With the income obtained, strategic investments will be made within the holding.” made statements.
Panasonic underlined that they are targeting an operating profit of $12.232 billion during the period. It is stated that within the scope of the strategy, the company aims to reduce its carbon emissions by 300 million tons by 2050. In recent years, the company has formed a joint venture with Toyota specializing in automotive batteries.
What do you think about the medium-term strategy announced by Panasonic? You can share your ideas in the comments section and on the SDN Forum.
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