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Home » Panasonic to invest $4.9 Billion dollars in EV
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Panasonic to invest $4.9 Billion dollars in EV

News DeskBy News Desk7 April 2022No Comments1 Min Read
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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

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