Tesla aims to ramp up battery production to 3,000 gigawatt-hours

Following Tesla’s unveiling of its plans to produce its own batteries in order to trim costs, shares of its two battery suppliers fell on Wednesday. Shares of South Korea’s LG Chem and Japan’s Panasonic have fallen with the news reaching the market. After initially opening higher, LG Chem’s shares was trading down by 3.1% while…

Tesla & Panasonic end partnership on solar cells production

On Wednesday, Japanese news daily the Nikkei reported that Tesla and Panasonic are ending their partnership to produce solar cells following the Japanese electronics company ramping up efforts to divest unprofitable businesses. The development comes in the wake of Tesla diversifying away from Panasonic as its sole battery supplier for electronic vehicles after it brought…

Panasonic to divest its chipmaking units to Nuvoton Technology

On Thursday, Japan’s Panasonic Corp stated it will sell its loss-making chip business to Taiwan’s Nuvoton Technology, reported Nikkei Asian Review. According to the report, Panasonic is also slated to divest three Japanese chipmaking facilities of TowerJazz Panasonic Semiconductor – a joint venture with Israel’s Tower Semiconductor. The development comes midst the U.S.-China trade war which…

Huawei’s global supply chain being ripped apart

U.S. trade action against Huawei having intended impact. China has termed the action taken by the United States against Huawei Technologies as “wrong actions” and has called for trade negotiations to continue. China’s comments underscores the effect of U.S. trade action which is cascading through Huawei’s global supply chains. Japan’s Panasonic Corp has joined a…

Tesla signs preliminary battery sourcing agreement with China’s Tianjin Lishen

Tesla is placing its supply chain in order as it gears up for production at its Shanghai Gigafactory. According to two sources with direct knowledge of the matter at hand, Tesla Inc has signed a preliminary agreement with Tianjin Lishen for supplying batteries for its Shanghai Gigafactory, as it plans to expand its battery sourcing…

Panasonic’s Regirobo can automatically bag the items that you’ve purchased

Advances in self-service checkout system could soon bring about increased efficiency in the retail sector. While self-service checkouts are hardly new, the rush to automate jobs which entail manual labour have reached new heights thanks to the efforts made by Lawson and Panasonic. They’ve developed a new basket system which can bag the items once you have…