Panasonic's battery division back to profitability and is expanding, thanks in part to U.S. EV sales surge

Panasonic's lithium-ion (Li-ion) battery division is resurgent: In Q2 2013, it made about $40 million in profits, a turnaround from one year before, when it lost $20 million in Q2 2012. As a result, Panasonic will invest $200 million over the next year to expand its Li-ion production lines in Osa...

This item has been archived in line with our efforts to keep our content relevant and up to date for our readership. For further assistance, please contact your Customer Success Manager or email ClientEngagementTeam@luxresearchinc.com. Thank you!

Related Research

Li-ion manufacturing in 2024: Capacities and key players

Analyst Insight | May 20, 2021

Analyst's note (April 26, 2022): For our updated projection of global Li‑ion bell manufacturing capacity through 2026, view our insight "Li‑ion manufacturing in 2026: Capacities and key players." Despite a global pandemic, the past year saw Li‑ion battery manufacturing capacity continue to expand... Not part of subscription

Tesla transitions to LFP in its Megapacks

News Commentary | June 30, 2021

Though Tesla has consistently used nickel‑based cathodes in its products – NCA cathodes in its vehicles and NMC in its stationary storage products – the company announced it would begin using LFP‑type cathodes in its stationary storage line of products. The move was probably motivated by several ... To read more, click here.

Tesla introduces LiFePo cathodes for all its standard-range vehicles

News Commentary | November 01, 2021

The announcement comes amid the rising nickel and cobalt prices across the globe. Tesla's switch to LFP can be viewed as a move toward cheaper production costs and mitigating supply chain risks in rare earth metals like nickel and cobalt. It should not be a surprise, as Tesla offers the LFP‑based ... To read more, click here.