Panasonic cuts battery unit's operating profit forecast by 15% for full financial year

Panasonic Holdings

30/10/2023 06:54

TOKYO, Oct 30 (Reuters) - Japan's Panasonic Holdings
 6752.T  on Monday cut the operating profit forecast for its
energy unit that makes automotive batteries by 15%, as it warned
of slowing demand for high-end electric vehicles in North
America.
    Panasonic lowered its full-year operating profit forecast
for the energy unit that makes batteries for Tesla  TSLA.O  and
other automakers to 115 billion yen ($769 million) from 135
billion yen.
    ($1 = 149.5400 yen)

 (Reporting by Daniel Leussink; Editing by Kim Coghill)
 ((daniel.leussink@thomsonreuters.com; Twitter:
@danielleussink;))