1. Two of China’s established automobile brands record hefty growth in October sales. Two of China's top automakers posted robust gains in sales last month - Guangzhou-based GAC Group recorded a 5.6% y-o-y increase in car sales and NEV sales rose 39%, while Great Wall Motors saw a jump of 31% in auto sales. Both show that established brands are gaining ground in exports to emerging economies. And growth is not isolated to China’s m...
Key Details: ✅ Panasonic lowers annual profit forecast for its energy unit to 115 billion yen ($769 million) from 135 billion yen. ✅ Adjusted automotive battery production in Japan due to rapidly reduced demand. ✅ The battery unit's slowdown was impacted by softer uptake for high-end EVs in North America. ✅ Panasonic's North American operations remain steady, with strong sales for tax-credit-eligi...
$特斯拉(TSLA.US)$$松下(ADR)(PCRFY.US)$According to reports, Tesla's battery supplier, Panasonic, which produces multiple batteries at the Nevada Gigafactory, is building a new park near the Nevada Gigafactory and plans to put it into operation next spring. According to the news from Panasonic's official website, the building of the new Panasonic North America Park is not a new construction, but a renovation of a building owned by the Industrial Realty Group, an industrial real estate investor. The time required for the construction of the new park will also be significantly shortened. After completion, the new park belongs to Panasonic Energy North America, which is a branch of Panasonic North America. Article excerpted from the US Stock Research Agency
Panasonic launches prototype batteries for Tesla, and has no plans to produce lithium iron phosphate batteries $松下(ADR)(PCRFY.US)$$特斯拉(TSLA.US)$According to reports, the head of Panasonic's battery department released a powerful prototype battery on Monday, saying that this battery will deepen the business relationship with American electric car manufacturer Tesla. In a speech at a media roundtable, Kazuo Tadanobu, head of Panasonic’s energy business, also said that the company has no plans to produce cheaper lithium iron phosphate batteries for electric vehicles. Article excerpted from the US Stock Research Agency
松下(ADR)股票討論區
Here's what happened in China's markets last trade day (11/7):
Two of China's top automakers posted robust gains in sales last month - Guangzhou-based GAC Group recorded a 5.6% y-o-y increase in car sales and NEV sales rose 39%, while Great Wall Motors saw a jump of 31% in auto sales. Both show that established brands are gaining ground in exports to emerging economies. And growth is not isolated to China’s m...
“Panasonic cut production of EV batteries in September, blaming slowing economic growth and weakening demand for electric vehicles”
Panasonic Cuts Battery Production, Lowers Annual Profit Forecast Amid Global EV Sales Slowdown!
✅ Panasonic lowers annual profit forecast for its energy unit to 115 billion yen ($769 million) from 135 billion yen.
✅ Adjusted automotive battery production in Japan due to rapidly reduced demand.
✅ The battery unit's slowdown was impacted by softer uptake for high-end EVs in North America.
✅ Panasonic's North American operations remain steady, with strong sales for tax-credit-eligi...
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Panasonic is building a new campus near the Tesla Nevada Gigafactory
Article excerpted from the US Stock Research Agency
$松下(ADR)(PCRFY.US)$$特斯拉(TSLA.US)$ According to reports, the head of Panasonic's battery department released a powerful prototype battery on Monday, saying that this battery will deepen the business relationship with American electric car manufacturer Tesla. In a speech at a media roundtable, Kazuo Tadanobu, head of Panasonic’s energy business, also said that the company has no plans to produce cheaper lithium iron phosphate batteries for electric vehicles.
Article excerpted from the US Stock Research Agency
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