Outgoing CEO says Panasonic must cut Tesla reliance as battery tie-up evolves -FT

Reuters2021-03-14

March 14 (Reuters) - Panasonic Corp's outgoing Chief Executive Kazuhiro Tsuga said the company will need to reduce its heavy reliance on Tesla Inc by making batteries more compatible with electric vehicles from other global carmakers, the Financial Times reported on Sunday.

"At some point, we need to graduate from our one-legged approach of relying solely on Tesla," Tsuga, who will step down after nine years as CEO from April 1, told the newspaper in an interview.

"We are entering a different phase and we need to keep an eye on supplying manufacturers other than Tesla."

The Japanese conglomerate announced in November that Tsuga would step down in April after nine years at the helm and that Yuki Kusumi, the head of its automotive business, would take over.

Under Tsuga's leadership, Panasonic has shifted its focus away from low-margin consumer electronics to batteries, factory machines and components. The company said last month it expects its battery business supplying Tesla to be profitable this fiscal year.

Panasonic has partnered with Tesla in a $5 billion battery "gigafactory" near Reno, Nevada.

(Reporting by Kanishka Singh in Bengaluru; Editing by William Mallard)

((Kanishka.Singh@thomsonreuters.com; +91 8061822801;))

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精彩评论

  • potatochip
    2021-03-15
    potatochip
    Good to diversify 
  • Yongi
    2021-03-15
    Yongi
    Good news for tsla and other ev company
  • T4S
    2021-03-15
    T4S
    Diversify. 
  • Mrkew
    2021-03-15
    Mrkew
    Ok
  • LimLS
    2021-03-14
    LimLS
    EV sector heating up. Panasonic batteries are good.
  • Sebas997
    2021-03-14
    Sebas997
    lets go tsla !
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