Panasonic Energy plans to alter its capacity expansion, growth plans amid declining EV sales
Panasonic still aims to expand its production capacity and triple its revenues, but it no longer has a deadline to achieve the two goals
Japanese battery maker Panasonic Energy looks to scrap its earlier plans of quadrupling its production capacity while working toward a goal of tripling its revenues by 2030 amid a slowdown in the demand for battery-electric vehicles (BEVs) in North America, according to a news report published by Nikkei Asia on June 6.
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