PCRFY - Panasonic Corporation
| Previous Close | 12.55 |
| Open | 0.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 0.00 - 0.00 |
| 52 Week Range | |
| Volume | 0 |
| Avg. Volume | 446,692 |
| Market Cap | 29.8B |
| Beta | 1.23 |
| PE Ratio (TTM) | 13.83 |
| EPS (TTM) | 0.92 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.27 (2.12%) |
| Ex-Dividend Date | 2018-03-28 |
| 1y Target Est | 17.55 |
Reuters•4 days agoPanasonic plans to halve cobalt content of car batteries in two-three years
Panasonic Corp plans to halve the cobalt content of its mass-produced automotive batteries "in two to three years", an executive at the Japanese conglomerate said on Thursday, as battery makers look to reduce costs. "At the research and development level, we've already achieved such batteries," Yoshio Ito, the chief of Panasonic's automotive business, said at a media roundtable. Panasonic, the exclusive battery cell supplier for Tesla Inc's (TSLA.O) current production models, previously said it was aiming to develop cobalt-free batteries, but did not give a specific time frame.
- Bloomberg•4 days ago
Panasonic Says It's Open to Working With Tesla on China Factory
Panasonic Corp. said it’s open to teaming up with Tesla Inc. on the U.S. carmaker’s plan to build a factory in Shanghai. The Japanese company hasn’t received a request from Tesla to cooperate in China, said Yoshio Ito, chief of Panasonic’s automotive and industrial systems unit. The factory isn’t an option to supply Tesla, however, because it makes square batteries, unlike the cylindrical ones used by the carmaker, he said.
- Zacks•5 days ago
Zacks.com highlights: Hitachi, Everi Holdings, Panasonic and Turtle Beach
Zacks.com highlights: Hitachi, Everi Holdings, Panasonic and Turtle Beach
- Zacks•6 days ago
Bet on 4 Stocks With Rising Cash Flows Ahead of Q2 Earnings
Cash gives a company vitality and strength. It holds the key to its existence, development and success, and can indeed be referred to as its lifeblood.
- Zacks•7 days ago
Zacks Industry Outlook Highlights: Panasonic, GoPro, Dolby Laboratories and Sony
Zacks Industry Outlook Highlights: Panasonic, GoPro, Dolby Laboratories and Sony
- Reuters•7 days ago
Nikkei rebounds to 1-week high after U.S. jobs data; Nissan tumbles
Japan's Nikkei share average rebounded to one-week highs on Monday as investors took heart from U.S. jobs growth, while Eisai extended its gains to its daily-limit high on optimism for its Alzheimer's drug. Nissan declined to give further details. Analysts say investors were keeping a watchful eye the unprecedented rainfall that lashed western Japan over the weekend, killing at least 88 people and shuttering some factories.
- Zacks•9 days ago
Audio Video Production Stock Outlook: More Amusement Awaits
Audio Video Production Stock Outlook: More Amusement Awaits
- Reuters•13 days ago
Nissan calls off potential $1 billion sale of battery unit to China's GSR
Nissan Motor cancelled a potential $1 billion sale of its electric car battery unit to China's GSR Capital, and while the automaker said it still aimed to find a buyer, analysts feel it could be a hard sell as the technology was not cutting edge. Japan's second-biggest automaker said on Monday the Chinese investment firm lacked the funds to make the purchase. The deal could not be closed by the June 29 deadline, Nissan said, ending a process which had faced several delays since its announcement almost a year ago.
- Reuters•13 days ago
Nissan calls off potential $1 billion sale of battery unit to China's GSR
Nissan Motor cancelled a potential $1 billion sale of its electric car battery unit to China's GSR Capital, and while the automaker said it still aimed to find a buyer, analysts feel it could be a hard sell as the technology was not cutting edge. Japan's second-biggest automaker said on Monday the Chinese investment firm lacked the funds to make the purchase. The deal could not be closed by the June 29 deadline, Nissan said, ending a process which had faced several delays since its announcement almost a year ago.
- Reuters•14 days ago
Panasonic to consider more investment in Tesla's Gigafactory if asked - executive
Panasonic Corp would consider further investment in Tesla Inc's (TSLA.O) so-called Gigafactory if requested by the U.S. electric vehicle maker, an executive at the Japanese conglomerate said on Monday. The investment would come on top of the $1.6 billion (1.21 billion pounds) Panasonic is contributing to the automotive battery plant, which it jointly operates with Tesla in the U.S. state of Nevada. "We would of course consider additional investment if we are requested to do so," Yoshio Ito, chief of Panasonic's automotive business, said at a media roundtable, responding to a question about the possibility of further investment, given the chance.
Reuters•14 days agoPanasonic to consider more investment in Tesla's Gigafactory if asked: executive
Panasonic Corp would consider further investment in Tesla Inc's so-called Gigafactory if requested by the U.S. electric vehicle maker, an executive at the Japanese conglomerate said on Monday. The investment would come on top of the $1.6 billion Panasonic is contributing to the automotive battery plant, which it jointly operates with Tesla in the U.S. state of Nevada. "We would of course consider additional investment if we are requested to do so," Yoshio Ito, chief of Panasonic's automotive business, said at a media roundtable, responding to a question about the possibility of further investment, given the chance.
- Market Realist•17 days ago
Panasonic’s Battery Cell Shortage: Not a Good Sign for Tesla
Today, Reuters reported that Panasonic had announced battery cell shortages as the production of Tesla’s (TSLA) Model 3 is ramping up. During Panasonic’s general shareholder meeting today, one of its officials mentioned a “sharp improvement in production” of the Model 3, which is causing occasional battery cell shortages.
- Reuters•18 days ago
Panasonic flags battery cell shortages as Tesla Model 3 output picks up
A pickup in production of Tesla Inc's Model 3 cars, after earlier delays, has resulted in occasional battery cell shortages, a Panasonic Corp official said on Thursday in a sign Tesla is in overdrive to meet its end-June forecast. Silicon Valley tech billionaire and Tesla Chief Executive Elon Musk earlier this month said his company should achieve its 5,000 cars-per-week target by the end of June, provoking scepticism from some Wall Street analysts. Yoshio Ito, head of Panasonic's automotive business, told the company's general shareholders meeting on Thursday there had been a "sharp improvement in production" that was leading to occasional battery (cell) shortages.
Reuters•18 days agoPanasonic flags battery cell shortages as Tesla Model 3 output picks up
A pickup in production of Tesla Inc's (TSLA.O) Model 3 cars, after earlier delays, has resulted in occasional battery cell shortages, a Panasonic Corp official said on Thursday in a sign Tesla is in overdrive to meet its end-June forecast. Silicon Valley tech billionaire and Tesla Chief Executive Elon Musk earlier this month said his company should achieve its 5,000 cars-per-week target by the end of June, provoking scepticism from some Wall Street analysts. Yoshio Ito, head of Panasonic's automotive business, told the company's general shareholders meeting on Thursday there had been a "sharp improvement in production" that was leading to occasional battery (cell) shortages.
Associated Press•28 days agoStrong quake near Osaka, Japan, kills 4, knocks over walls
TOKYO (AP) — Residents in western Japan were cleaning up debris Monday evening after a powerful earthquake hit the area around Osaka, the country's second-largest city, killing four people and injuring hundreds while knocking over walls and setting off fires.
- Reuters•last month
After cobalt-free pledge, Panasonic to triple consumption for auto batteries - sources
Panasonic Corp expects to more than triple its cobalt consumption in five years' time, industry sources said, even as the company aims to develop cobalt-free automotive batteries in the near future. Panasonic is the exclusive battery cell supplier for all new Tesla vehicles, including the mass-market Model 3 electric car. The scramble to secure supplies of cobalt, which stabilises and extends the life of lithium-ion rechargeable batteries used to power electric vehicles, has seen prices rise to around $40 a lb from below $10 a lb in December 2015.
Reuters•last monthAfter cobalt-free pledge, Panasonic to triple consumption for auto batteries - sources
Panasonic Corp expects to more than triple its cobalt consumption in five years' time, industry sources said, even as the company aims to develop cobalt-free automotive batteries in the near future. Panasonic is the exclusive battery cell supplier for all new Tesla vehicles, including the mass-market Model 3 electric car. The scramble to secure supplies of cobalt, which stabilises and extends the life of lithium-ion rechargeable batteries used to power electric vehicles, has seen prices rise to around $40 a lb from below $10 a lb in December 2015.
- Zacks•last month
Qualcomm Unit, Ford & Panasonic Join Forces to Deploy C-V2X
Qualcomm's (QCOM) latest collaboration is an extension of the previously announced partnership between the Colorado Department of Transportation and Panasonic.
Reuters•2 months agoPanasonic plans to develop cobalt-free car batteries
Tesla Inc's battery cell supplier Panasonic Corp said on Wednesday it is aiming to develop automotive batteries without using cobalt in the near future amid soaring prices of the key battery ingredient. Top battery makers are scrambling to reduce cobalt content in lithium-ion batteries as prices of the mineral have multiplied over the recent years and the spread of electric vehicles is expected to result in cobalt shortages eventually. "We have already cut down cobalt usage substantially," Kenji Tamura, who is in charge of Panasonic's automotive battery business, said at a meeting with analysts.
Reuters•2 months agoPanasonic plans to develop cobalt-free car batteries
Tesla Inc's battery cell supplier Panasonic Corp said on Wednesday it is aiming to develop automotive batteries without using cobalt in the near future amid soaring prices of the key battery ingredient. Top battery makers are scrambling to reduce cobalt content in lithium-ion batteries as prices of the mineral have multiplied over the recent years and the spread of electric vehicles is expected to result in cobalt shortages eventually. "We have already cut down cobalt usage substantially," Kenji Tamura, who is in charge of Panasonic's automotive battery business, said at a meeting with analysts.
- Reuters•2 months ago
Nikkei hits 3-mth high on solid earnings, Wall St surge; Suzuki, Panasonic shine
Japan's Nikkei share average rose to a three-month high on Friday, buoyed by tepid U.S. inflation data easing concerns over the Federal Reserve hiking rates at an accelerated pace, as well on gains for ...
- Reuters•2 months ago
Nikkei hits 3-month highs after Wall St rally; Suzuki, Panasonic shine
Japan's Nikkei share average rose to three-month highs on Friday, buoyed by a surge on Wall Street after weaker-than-expected U.S. inflation data eased concerns over the Federal Reserve hiking interest ...
- CNBC•2 months ago
Panasonic executives reportedly cautious about future Tesla commitments
Some Panasonic executives are cautious about making new battery manufacturing commitments with Tesla, according to the Nikkei Asian Review. In the U.S., Panasonic and Tesla are investing up to $5 billion over the next two years in Tesla's Nevada-based Gigafactory 1. Some Panasonic executives are expressing hesitation about new investments with Tesla TSLA in battery manufacturing, according to a report out Thursday in the Nikkei Asian Review.
- CNBC•2 months ago
Panasonic executives reportedly cautious about future Tesla commitments
As Tesla struggles to ramp Model 3 vehicle production, Panasonic has expressed hesitation to spend more on battery and manufacturing commitments with the EV company.
