Panasonic Battery Unit Reports Higher Q2 Operating Profit, Raises Forecast
Panasonic said operating profit at its energy unit surged in the second quarter, helped by higher energy-storage-system sales. The unit makes batteries for electric vehicles and data centers.
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Panasonic's battery unit posts rise in Q2 operating profit, lifts forecast TOKYO, Oct 30 (Reuters)
Japan's Panasonic Holdings TSE:6752 said on Friday operating profit at its energy unit, which makes electric-vehicle and data-centre batteries, surged in the second quarter, lifted by higher sales of energy storage systems.Profit for the key business, which makes batteries for Tesla NASDAQ:TSLA and…