Panasonic - Asia Tech Wire

Panasonic

2024.12.27

10:16

Japan's Panasonic falsified performance data of more than 600 air conditioners

Panasonic Corporation of Japan said on December 26 local time that the performance data of some of its commercial air conditioner products were falsified. The company said that the actual performance of 668 air conditioners sold from 2012 to 2024 did not reach the labeled values. According to reports, as of 2024, of the 2,305 air conditioners sold by the company, in addition to 668 units that have been confirmed to have data falsification problems, the remaining 1,637 units may also have similar problems. The investigation and confirmation work will last until April 2025 at the latest.

2024.12.20

08:06

Huatai Securities: Optimistic about the dividend logic of the coal sector under the expectation of interest rate cuts

Huatai Securities Research Report pointed out that it is optimistic about the dividend logic of the coal sector under the expectation of interest rate cuts. Although the average daily consumption of 25 provinces from December 1 to 17 increased by 13.6% compared with November, the average daily inventory still increased slightly by 0.2%. Under the loose supply and demand, coal prices may still face downward pressure in the short term, but it is expected that the total electricity consumption in the society will maintain a high growth rate of 6.1% in 2025, driving the growth of power coal demand by 2.1% and the growth of total coal demand by 1.1%. Coal demand may still be resilient. Under the condition that the central price of coal moves downward but is still expected to remain above the long-term contract price range, the leading thermal coal companies with high long-term contract ratios are still expected to maintain stable profits and high dividend ratios. Under the expectation of reserve requirement ratio and interest rate cuts, it is still optimistic to configure the coal sector based on the dividend spread logic.

2024.09.10

07:06

Panasonic to pull out as top sponsor after Paris Olympics

Asia Tech Wire (Sep 10) -- Japan's Panasonic Holdings said Tuesday it will terminate its top sponsorship deal for the Olympic and Paralympic Games after Paris 2024.

2024.09.09

09:23

Panasonic completes preparations for mass production of 4680 EV battery

Asia Tech Wire (Sep 9) -- The energy unit of Japan's Panasonic Holdings Corp. announced Monday that it has completed preparations for mass production of its 4680 EV battery.

2024.09.06

07:10

Subaru, Panasonic Energy to join forces to build battery plant

Asia Tech Wire (Sep 6) -- Japan's Subaru and Panasonic Energy will join forces to build a battery plant.

07:01

Panasonic Energy, Mazda to prepare for supply of automotive lithium-ion batteries

Asia Tech Wire (Sep 6) -- Japan's Panasonic Energy and Mazda Motor will work together to prepare for the supply of automotive lithium-ion batteries.

2024.08.20

10:00

Panasonic said to supply EV batteries to Subaru, Mazda

Asia Tech Wire (Aug 20) -- Panasonic will supply electric car batteries to Subaru and Mazda, according to Japanese newspaper Yomiuri Shimbun.

2024.08.08

08:20

Panasonic cuts FY2030 EV battery production target by about 30%

Asia Tech Wire (Aug 8) -- Japan's Panasonic has lowered its electric vehicle battery production target for fiscal 2030 by about 30% due to reduced demand for electric vehicles in the U.S.

2024.08.02

02:48

Orix acquires Panasonic's projector busines

Asia Tech Wire (Aug 2) -- Japanese leading financial services provider ORIX Corp. has announced the acquisition of Panasonic Holdings' projector business.

2023.12.20

09:33

Panasonic says Oklahoma no longer a candidate for new U.S. battery plant

National Business Wire (Dec 20) -- Panasonic Energy, a subsidiary of Japan's Panasonic Holdings, said Wednesday that Oklahoma is no longer a candidate for the company's new U.S. electric vehicle battery plant.

2022.01.04

10:09

Panasonic announces formal entry into "metaverse" with upcoming 3 VR products

Asian Tech Press (Jan 4) -- Osaka-based Panasonic Corp. announced its formal entry into metaverse, an online virtual reality space, and that its subsidiary will release three VR products as soon as spring.

2021.12.27

08:43

Japan's Panasonic is building a new campus near Tesla Giga Nevada

Asian Tech Press (Dec 27) -- According to media reports, Tesla battery supplier Panasonic, is building a new campus near Tesla's gigafactory in Nevada with plans to be operational next spring.

2021.12.10

10:52

Janpan's Resona forms 31-firm association on facial recognition payment system

Asian Tech Press (Dec 10) -- Japanese banking giant Resona Holdings reportedly formed a cross-industry association on Thursday involving 31 companies to discuss and share know-how on developing a facial recognition payment system.

08:24

Panasonic is said to cut TV business and outsource most of the production to TCL

Asian Tech Press (Dec 10) -- Japanese multinational conglomerate companyPanasonic is rumored to drastically downsize its TV business, outsource production to Chinese manufacturer TCL, and close two of its four remaining factories to cut costs.

2021.12.01

10:30

Panasonic to focus on increasing production at the U.S. Tesla joint venture plant

Asian Tech Press (Dec 01) -- Japan's Panasonic Corp. said in a news release on Nov. 30 that it will suspend the lithium-ion battery market survey that it is promoting in Europe at the end of December. Panasonic is currently focused on increasing the production capacity of the U.S. plant jointly operated with Tesla and will cautiously explore entering other regions.

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