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Panasonic Aims To Move Tesla Auto Partnership Beyond Batteries: Ceo


Ron Burgundy
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FILE PHOTO A Panasonic Corp's lithium-ion battery is pictured with Tesla Motors logo in TokyoPanasonic Corp aims to extend its partnership with electric car maker Tesla Motors Inc beyond batteries and into self-driving technology, as the Japanese conglomerate continues to shift its focus to the automotive business. The electronics maker has placed automotive applications at the center of a growth strategy that targets corporate clients at the expense of low-margin consumer goods, where low-cost Asian rivals have diminished the dominance of Japanese firms. Panasonic is the exclusive supplier of batteries for Tesla's Model S, Model X and upcoming mass market Model 3, and plans to contribute $1.6 billion to Tesla's $5 billion battery factory.




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