Panasonic to invest $700 million to produce new batteries for EVs: Report

Megan Myungwon Lee, chairwoman and chief executive officer of Panasonic Corporation of North America. (Bloomberg) — Megan Myungwon Lee, chairwoman and chief executive officer of Panasonic Corporation of North America. **(Bloomberg)**

1 min read . Updated: 24 Jan 2022, 03:09 PM IST Reuters

Japan's Panasonic will invest about 80 billion yen ($705 million) to mass-produce a new type of lithium ion battery for electric vehicles (EVs) from as early as 2023

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Japan's Panasonic will invest about 80 billion yen ($705 million) to mass-produce a new type of lithium ion battery for electric vehicles (EVs) from as early as 2023, the Nikkei reported on Monday.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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