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Tesla supplier Panasonic cuts battery production in Japan by 60% due to weaker demand for EVs

11 months ago Auto paultan

Japanese technology firm Panasonic will be reducing its domestic output of electric vehicle batteries due to reduced demand for high-end EVs,Car Expert reported. The company reduced EV battery production by 60% compared to the previous quarter, it announced during an earnings call. Some production lines have already halted in order […]

The post Tesla supplier Panasonic cuts battery production in Japan by 60% due to weaker demand for EVs appeared first on Paul Tan's Automotive News.

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