Business / Corporate Aug 3, 2017

NEC mull exit from EV battery business

NEC Corp. might pull out of its lithium-ion battery business for electric vehicles by selling its battery electrode subsidiary to a Chinese investment fund, sources close to the matter said Thursday. The electronics giant is apparently planning to sell NEC Energy Device to Chinese group ...

Business / Corporate Aug 26, 2015

Panasonic to shut down battery factory in Beijing

Panasonic Corp. will close a lithium-ion battery factory in Beijing due to deteriorating profitability amid stiff competition with South Korean rivals, sources close to the matter said Wednesday. The major Japanese electronics-maker will end production later this month at the earliest and lay off about ...

Business / Corporate Jul 31, 2014

Panasonic's revamp efforts continue to pay dividends

Panasonic Corp. said Thursday that its operating profit grew in the April-June quarter on the back of efforts to restructure by shifting focus to industrial markets instead of less profitable consumer products. The electronics giant said group operating profit rose 28.2 percent to ¥82.29 billion ...