Panasonic, the Japanese electronics group, cut its full-year profit outlook at its battery unit by 15 per cent, blaming slower-than-expected sales of high-end electric vehicles at Tesla, one of its most important customers.
The downgrade by Panasonic, which lowered its full-year operating profit forecast for its battery unit to ¥115bn ($771mn) from ¥135bn, was spurred by slowing demand in North America for Tesla EVs, which do not qualify for tax incentives under the Inflation Reduction Act.
“The IRA has a price ceiling up to $80,000 and since the high-end models exceed that level, demand decreased,” said Panasonic’s chief financial officer Hirokazu Umeda on Monday.
您已阅读23%（671字），剩余77%（2283字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。