Panasonic's battery unit posts 3.5% drop in Q3 operating profit
04/02/2026 06:43
TOKYO, Feb 4 (Reuters) - Quarterly operating profit for Panasonic Holdings' 6752.T key energy unit, which makes batteries for Tesla TSLA.O, fell 3.5% from a year earlier on lower sales in North America as conditions in the electric-vehicle market worsened. The segment posted an operating income of 40.5 billion yen ($259.15 million) in the third quarter, as the lower sales in North America outweighed stronger demand for energy storage systems for data centres, it said. ($1 = 156.2800 yen) (Reporting by Daniel Leussink; Editing by Himani Sarkar) ((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink;))
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