Panasonic is joining the high-growth electric vehicles market
It has plans to invest nearly $4.9 billion in automotive batteries, supply chain software and cyber physical systems
It is also targeting an accumulated operating profit of 1.5 trillion yen over the period
The group aims to reduce the impact of over 300 million tonnes of CO2
Last year, the company closed a $7 billion acquisition deal with supply chain AI software provider Blue Yonder
Earlier, Panasonic formed a joint venture with Toyota that specialises in automotive batteries
