Ron Burgundy Posted August 27, 2015 Share Posted August 27, 2015 Japanese electronics giant Panasonic Corp on Thursday said it will stop making lithium-ion batteries at its factory in Beijing this month, cutting 1,300 jobs as part of a move to focus on higher-margin products such as electric car batteries. "The global market for these products has been shrinking," Panasonic spokeswoman Yayoi Watanabe said, adding the closure was more about global technology trends rather than the recent turmoil that has battered Chinese markets. Finland's Nokia, which sold its mobile phone business to Microsoft in 2014, was the main customer of the plant in its early days, according to the Nikkei business daily. View the full article Quote Link to comment Share on other sites More sharing options...
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