Friday 8 July 2016

Panasonic expects to double sales of electric car batteries in 3 years

OSAKA: Japan's Panasonic Corp said it expects strong demand for its lithium-ion batteries from Tesla Motors Inc to help more than double its annual sales of automobile-related batteries in three years. Kenji Tamura, an executive officer in charge of Panasonic's automotive and industrial systems business, said he expects the firm's annual automobile battery sales to grow to 400 billion yen ($3.98 billion) in the business year through March 2019 from 180 billion yen in the year ended march 2016.

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