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Although Panasonic Corp. is an electronics company, it's becoming quite the rev head. The Japanese brand that's indelibly associated with televisions, audio equipment and microwave ovens now makes more money from auto parts than home appliances. In presentations to investors, the company divides its product portfolio into three business characteristics: high-growth, low-growth and low-profitable. At the top of that tree is automotive batteries, car cockpits and advanced driver assistance systems. The only non-vehicle segment enjoying management's high-growth optimism is air conditi...
One of the main questions surrounding Tesla is its ability to ramp up production to satisfy the almost 400,000 existing Model 3 orders, and the hundreds of thousands of orders that are supposed to follow. Past isn’t necessarily indicative of the future, but on Tesla’s earnings call just now things didn’t sound all roses. The company ended up losing $293 million last quarter on a GAAP (Generally Accepted Accounting Principles) basis, and $150 million on a non-GAAP basis, which takes into account things like leases that GAAP generally doesn’t adjust for. ...
The Gigafactory will manage Tesla with Panasonic responsible for lithium-ion battery cells. All the key suppliers will be combined with Tesla's module and pack assembly. Tesla will buy the space for this complex, build the factory and pay the Gigafactory’s utilities. Panasonic will manufacture and supply cylindrical lithium-ion cells, as well as the equipment, machinery and tools to manufacture the batteries.Yoshihiko Yamada, Executive Vice President of Panasonic said, "We have already engaged in various collaborative projects with Tesla toward the popularization of electric veh...
