Brief: Panasonic Energy: Enters Discussions With IndianOil Over Framework For Formation Of Joint Venture To Manufacture Cylindrical Lithium-Ion Batteries In India
01/04/2024 04:06
April 1 (Reuters) - Panasonic Holdings Corp 6752.T :
* PANASONIC ENERGY: ENTERS DISCUSSIONS WITH INDIANOIL OVER
FRAMEWORK FOR FORMATION OF JOINT VENTURE TO MANUFACTURE
CYLINDRICAL LITHIUM-ION BATTERIES IN INDIA
* PANASONIC ENERGY: PANASONIC ENERGY, INDIANOIL WILL BE
ENGAGING
IN FEASIBILITY STUDY ON UTILIZATION OF BATTERY TECHNOLOGY TO
FACILITATE TRANSITION TO CLEAN ENERGY IN INDIA, AIM TO FINALIZE
DETAILS OF COLLABORATION BY SUMMER 2024
* PANASONIC ENERGY: INITIATIVE IS DRIVEN BY EXPECTED RISE OF
DEMAND FOR BATTERIES FOR TWO- AND THREE-WHEEL VEHICLES IN INDIAN
MARKET
Source text: https://news.panasonic.com/uploads/tmg_block_page_image/file/23382/en240401-5-1.pdf
Further company coverage: 6752.T
(Reporting by Kantaro Komiya)
((Kantaro.Komiya@thomsonreuters.com;))
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