Panasonic to invest $700 million to produce new batteries for EVs: Report

  • Japan's Panasonic will invest about 80 billion yen ($705 million) to mass-produce a new type of lithium ion battery for electric vehicles (EVs) from as early as 2023

Reuters
Published24 Jan 2022, 03:09 PM IST
Megan Myungwon Lee, chairwoman and chief executive officer of Panasonic Corporation of North America.
Megan Myungwon Lee, chairwoman and chief executive officer of Panasonic Corporation of North America.(Bloomberg)

Japan's Panasonic will invest about 80 billion yen ($705 million) to mass-produce a new type of lithium ion battery for electric vehicles (EVs) from as early as 2023, the Nikkei reported on Monday.

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