Panasonic Corp will initially invest around 20-30 billion Yen ($200-300 million) in Tesla Motors for producing lithium-ion battery used in electric vehicles.Tesla Motors is a US based electric car manufacturer and Japan’s Panasonic has been supplying batteries for the electric car maker for years.
Panasonic has sent out invites to media for an event on July 30, hinting that it will launch Eluga range of smartphones in India. So far, the company has offered its P and T range of Android smartphones, but the Eluga brand name has been associated with its flagship offerings. Last month Panasonic had teased the impeding launch of the Eluga range of smartphones. Interestingly, Panasonic has stopped making Eluga smartphones in its home country Japan so the India launch is sort of a revival for the brand.
More than a year after announcing plans to combine their struggling system chip operations, Fujitsu and Panasonicare finally launching their new merged company with the help of Japanese government money. The firms said Wednesday the state-owned Development Bank of Japan has agreed to invest up to Y20 billion ($195 million) in the new company, combined with a Y10 billion loan. Fujitsu and the DBJ will hold 40% of the voting rights in the merged entity while Panasonic will hold 20%.