{"id":613712,"date":"2023-10-31T11:01:52","date_gmt":"2023-10-31T05:31:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=613712"},"modified":"2023-10-31T11:01:52","modified_gmt":"2023-10-31T05:31:52","slug":"panasonic-cuts-battery-units-profit-outlook-warns-on-high-end-ev-sales","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/panasonic-cuts-battery-units-profit-outlook-warns-on-high-end-ev-sales\/","title":{"rendered":"Panasonic cuts battery unit&#8217;s profit outlook, warns on high-end EV sales"},"content":{"rendered":"<p>Panasonic Holdings, which supplies batteries for Tesla, said on Monday it had cut automotive battery production in Japan in the September quarter and shrank the division&#8217;s annual profit forecast by 15%, underscoring a global slowdown in EV sales.<\/p>\n<p>The company&#8217;s less positive outlook for its battery segment follows similar warnings by several automakers and suppliers, as major economies, including China and Europe, see weaker growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Panasonic Holdings, which supplies batteries for Tesla, said on Monday it had cut automotive battery production in Japan in the September quarter and shrank the division&#8217;s annual profit forecast by 15%, underscoring a global slowdown in EV sales. The company&#8217;s less positive outlook for its battery segment follows similar warnings by several automakers and suppliers, as major economies, including China and Europe, see weaker growth.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-613712","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/613712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=613712"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/613712\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=613712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=613712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=613712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}