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HomeUSExclusive-Panasonic puts productivity boost ahead of new EV plant in US

Exclusive-Panasonic puts productivity boost ahead of new EV plant in US

Published Jan 21, 2024 06:19PM ET Updated Jan 21, 2024 06:25PM ET
© Reuters. FILE PHOTO: Panasonic Holdings Group CEO Yuki Kusumi talks about the company’s strategy in Tokyo, Japan, January 19, 2024. REUTERS/Miho Uranaka/File Photo
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By Daniel Leussink and Miho Uranaka
TOKYO (Reuters) – Panasonic (OTC: )’s battery business must focus on boosting productivity, Group CEO Yuki Kusumi told Reuters, signalling the Tesla (NASDAQ: ) supplier may hold off building a third battery plant in North America as demand for electric vehicles cools.
The battery unit, Panasonic Energy, had previously said it aimed to decide on building the factory by the end of March.
But Panasonic Holdings CEO Yuki Kusumi said in an interview that a decision would be made only

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