Panasonic is joining the high-growth electric vehicles market, with plans to invest nearly $4.9 billion in automotive batteries, supply chain software and cyber physical systems, among others. The Japanese company said to achieve its future goals, the group is to invest 400 billion yen (nearly $3.26 billion) in “growth areas” and 200 billion yen (about […]
Panasonic to invest $4.9 bn in EV batteries, supply chain software – EQ Mag Pro
Japanese multinational conglomerate Panasonic has decided to expand aggressively in the booming electric vehicle market. It has announced to invest nearly ¥600 billion (approximately $4.9 billion) in automotive batteries, supply chain software, among others. The Osaka-headquartered Group also maintained that it will deploy 400 billion yen (roughly $3.26 billion) in “growth areas” and 200 billion […]
Toyota/Panasonic Set Collaborate with Nexeon for Silicon-based Li-Ion Battery Material Development – EQ Mag Pro
PPES, a joint venture created by Toyota and Panasonic, recently announced a partnership with Britain-based battery developer Nexeon to develop the next generation of li-ion batteries, which will feature an increased silicon content for improved battery performance. PPES (Prime Planet Energy & Solutions) is a joint venture formed by Toyota and Panasonic and specializes in […]
Why hydrogen is essential in the global journey towards net-zero – EQ Mag Pro
In the third article of this series, Panasonic shares how it is working towards a net-zero future with an emphasis on hydrogen and fuel cells. According to the International Energy Agency (IEA), hydrogen has a vast potential to become a critical part of a more sustainable and secure energy future. These findings are increasingly being […]
Tesla’s prototype battery with 5 times more energy storage comes to life at Panasonic – EQ Mag Pro
The Japanese company revealed the prototype in an effort to fulfill Tesla’s future battery dreams. Tesla long promised big changes for its future batteries, and Panasonic hopes its latest prototype battery will deliver for the electric carmaker. On Monday, Automotive News reported on the Japanese company’s new prototype battery created specifically for Tesla. It promises […]
Electric vehicle batteries: Major players and their expansion plans – EQ Mag Pro
The global auto industry’s shift to electric vehicles (EVs) has spurred an expansion race among battery makers, and caused a growing a skills shortage. Global sales of EVs, estimated at 2.5 million vehicles in 2020, is forecast to grow more than 12-fold to 31.1 million by 2030 and account for nearly a third of new […]
Panasonic Takes Japan’s Bet on Hydrogen Power to a New Level
Panasonic Corp. is turning a fuel-cell factory in the lakeside city of Kusatsu in central Japan into what could be the world’s first hydrogen-based plant powered entirely by renewable energy. Prime Minister Yoshihide Suga’s October pledge to make Japan carbon-neutral has been a “tailwind” for Panasonic’s hydrogen-factory project, and the company intends to commercialize the […]
Panasonic Takes Japan’s Bet on Hydrogen Power to a New Level
Panasonic Corp. is turning a fuel-cell factory in the lakeside city of Kusatsu in central Japan into what could be the world’s first hydrogen-based plant powered entirely by renewable energy. Prime Minister Yoshihide Suga’s October pledge to make Japan carbon-neutral has been a “tailwind” for Panasonic’s hydrogen-factory project, and the company intends to commercialize the […]
Panasonic Life Solutions India Commissions 7 MW AC Solar Power Project for Gro Solar Energy Pvt. Ltd. In Maharashtra
Panasonic Life Solutions India Pvt. Ltd. (PLSIND) announced the recent commissioning of its 7 MW AC Solar power plant built on an EPC basis for Gro Solar Energy Pvt. Ltd. at Degoan, Taluka Sindakhede, District – Dhule in the state of Maharashtra. The project is spread over 50 acres of land and has 30,300 “Anchor” […]
Panasonic Donates Solar Lanterns to Communities in South Africa
1500 solar lanterns donated at ceremonies organized through the Nelson Mandela Foundation. South Africa: Continuing its efforts to offer a brighter life to the people living in no electricity areas in South Africa, Panasonic, in association with the Nelson Mandela Foundation, has donated 1500 Panasonic Solar Lanterns to the people living in remote areas with […]