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Benzinga
Benzinga
Technology
Rachit Vats

Tesla Battery Supplier Panasonic Looks To Boost Production In North America To Meet Growing Demand

Panasonic North America electric vehicle Japan Panasonic Energy

Japan’s Panasonic Holdings Corp (OTC:PCRFY) said on Wednesday it is looking to boost production capacity in North America to meet the growing demand for electric vehicles.

What Happened: Panasonic Energy, a subsidiary of the Osaka-based conglomerate, said it will improve productivity for its 2170-type cells and begin commercial production of the 4680-type cells starting next year.

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