Panasonic Cuts EV Battery Production Target for FY 2030 by 30% Amid Lower Demand from Tesla, Others

Published: Aug 8, 2024 18:03

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[Panasonic Downgrades Its Production Target for Electric Vehicle Batteries in Fiscal Year 2030 by Approximately 30%] Allan Swan, head of Panasonic Energy North America, said that Panasonic has downgraded its production target for electric vehicle batteries in fiscal year 2030 from 200 GWh to 150 GWh, a reduction of about 30%. This decision is primarily due to the decrease in supply demand from Tesla and other American companies.

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