Panasonic Must Reduce Reliance On Tesla, Outgoing CEO Says

Panasonic, one of the world’s largest EV battery manufacturers, must reduce its “heavy” reliance on Tesla, as a customer, according to the outgoing chief executive Kazuhiro Tsuga. Let’s recall the Adamas Intelligence report, which indicated that about 90% of Panasonic’s batteries deployed in passenger xEVs in 2020 went to Tesla. According to the Financial Times …

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