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1. • • Panasonic predicts net profit will grow 32% from a year earlier to a record 350 billion yen ($2.59 billion) as it expects a tax credit for EV battery operations under the U.S. Inflation Reduction Act to boost its bottom line by 100 billion yen.
     www.reuters.com/technology/panasonic-q4-profit-falls-35-misses-market-expectations-2023-05-10/

     Panasonic sees record profit on robust battery demand, U.S. tax credit | Reuters

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   Will a tax credit boost Panasonic's EV battery business?

   • Panasonic predicts net profit will grow 32% from a year earlier to a record 350 billion yen ($2.59 billion) as it expects a tax credit for EV battery operations under the U.S. Inflation Reduction Act to boost its bottom line by 100 billion yen.

   Panasonic sees record profit on robust battery demand, U.S

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   Does Panasonic make EV batteries?

   • Panasonic expects operating profit at its energy unit, which manufactures batteries, to jump fourfold to 133 billion yen this business year thanks to the tax credit and growing EV battery sales in the United States. The company makes EV batteries in the U.S. state of Nevada and is building another battery plant in Kansas.

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   Are Tesla and Panasonic getting tax credits?

   • According to forecasts from researcher Benchmark Mineral Intelligence, as reported by Bloomberg, Tesla and Panasonic are expected to receive about $1.8 billion in production tax credits this year under the Inflation Reduction Act, compared to $480 million for General Motors and LG Energy Solution.

   Tesla And Panasonic Could Get $41 Billion In Tax Credits By 2032 - Insid…

   insideevs.com/news/670517/tesla-panasonic-could-get-41-billion-usd-tax-credits-2032/

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   Why is Panasonic expanding its energy business?

   • The industrial conglomerate, which supplies batteries to U.S. EV leader Tesla Inc, is expanding its energy business just as persistently high inflation rates worldwide dampen consumer sentiment. Panasonic expects operating profit of 430 billion yen ($3.18 billion) for the year through March 2024, versus 288.6 billion yen a year earlier.

   Panasonic sees record profit on robust battery demand, U.S. tax credit

   finance.yahoo.com/news/1-panasonic-sees-higher-profit-070029724.html

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3. www.reuters.com › technology › panasonic-q4-profit-falls-35Panasonic sees record profit on robust battery demand, U.S. ...

   www.reuters.com › technology › panasonic-q4-profit-falls-35

   2023年5月10日 · Panasonic predicts net profit will grow 32% from a year earlier to a record 350 billion yen ($2.59 billion) as it expects a tax credit for EV battery operations under the U.S. Inflation...

   • Panasonic cuts battery unit's profit outlook, warns on high-end EV sales

     Panasonic said production at its North American ...

4. finance.yahoo.com › news › 1-panasonic-sees-higher-profitUPDATE 3-Panasonic sees record profit on robust battery ...

   finance.yahoo.com › news › 1-panasonic-sees-higher-profit

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   2023年5月10日 · Panasonic predicts net profit will grow 32% from a year earlier to a record 350 billion yen ($2.59 billion) as it expects a tax credit for EV battery operations under the U.S. Inflation...

5. www.businesstimes.com.sg › companies-markets › panasonic-seesPanasonic sees record profit on robust battery demand, US ...

   www.businesstimes.com.sg › companies-markets › panasonic-sees

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   Panasonic predicts net profit will grow 32 per cent from a year earlier to a record 350 billion yen (S$3.4 billion) as it expects a tax credit for EV battery operations under the US Inflation Reduction Act to boost its bottom line by 100 billion yen.

6. www.nasdaq.com › articles › panasonic-needs-four-more-evPanasonic needs four more EV battery plants, executive says

   www.nasdaq.com › articles › panasonic-needs-four-more-ev

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   2023年7月3日 · The battery arm of Japan's Panasonic will need to build four more factories to reach its target for a sharp boost in annual capacity of batteries for electric vehicles by 2031, its...

7. insideevs.com › news › 670517Tesla And Panasonic Could Get $41 Billion In Tax Credits By ...

   insideevs.com › news › 670517

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   2023年6月5日 · With several plants already operating in the United States – Fremont and Austin for vehicles, Nevada for batteries and electric motors – Tesla is set to receive some $41 billion in tax credits...

   • Email: dan.mihalascu@insideevs.com
   • 類別: News

   • 職業: Daily News Writer
   • Make: Tesla

8. www.reuters.com › technology › panasonic-cuts-battery-unitsPanasonic cuts battery unit's profit outlook, warns on ...

   www.reuters.com › technology › panasonic-cuts-battery-units

   2023年10月30日 · Panasonic said production at its North American operations remained steady, and it saw firm sales of vehicles eligible for tax credits. South Korean battery firm LG Energy Solution...

9. www.ft.com › content › 0491e5ef-b642-4520-b95b-f52ed343d3fdPanasonic’s EV battery unit boosts US supply chain ...

   www.ft.com › content › 0491e5ef-b642-4520-b95b-f52ed343d3fd

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   2023年12月11日 · The Inflation Reduction Act climate law signed by US President Joe Biden included a $7,500 consumer tax credit for EVs that contain North America-made parts and minerals produced domestically or...