💨 Abstract

Panasonic Holdings, supplier of batteries to Tesla, raised its full-year earnings forecast for its energy unit due to stronger sales of energy storage systems and improved profitability at its U.S. battery plant. The company aims to improve group profitability by over 300 billion yen and achieve a return on equity of over 10% by March 2029.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖