Panasonic's battery unit Q3 operating profit rises 39% from a year earlier

Panasonic Holdings

04/02/2025 06:49

TOKYO, Feb 4 (Reuters) - Japan's Panasonic Holdings
 6752.T  said on Thursday the third-quarter operating profit of
its energy unit, which supplies batteries to Tesla  TSLA.O ,
rose 39% from a year earlier on improved profitability at its
U.S. plant and stronger sales of energy storage systems.
    Operating income for the key segment increased to 42 billion
yen ($270.46 million) as the better profitability at its U.S.
plant helped offset an overall decline in sales in its
in-vehicle business, it said in presentation materials.
    ($1 = 155.2900 yen)

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