Panasonic Stock Dips Amid EV Battery Breakthrough Plans
Panasonic Holdings shares fell 2.20% to 1,557.50 yen despite unveiling ambitious electric vehicle battery technology that could deliver a 25% power increase by 2027. The anode-free design promises to extend Tesla Model Y range by 90 miles through enhanced energy density.
The Japanese conglomerate's stock decline contrasts with its technical roadmap targeting cathode material optimization. By eliminating traditional anode structures, Panasonic aims to free space for nickel, cobalt and aluminum components - a gamble that could redefine EV performance metrics by the 2027 deadline.