Panasonic expects battery unit’s annual profit to rise 23%

TOKYO : Japan’s Panasonic Holdings forecast on Thursday a 23 per cent rise in working profit for its battery-making energy unit within the most modern enterprise year, after undershooting its estimated working profit for the year that correct ended.

Working profits for the indispensable segment, which makes batteries for Tesla and other automakers, is anticipated to prevail in 109 billion yen ($700.11 million) within the year to March 31, 2025, Panasonic talked about.

The unit made 88.8 billion yen within the year that resulted in March, missing its have 113 billion yen forecast.

($1 = 155.6900 yen)