Panasonic will invest 600 million yen (4.430 million euros) over three years to boost its competitiveness in fast-growing industries including electric vehicle batteries and supply chain software, as well as pillar technologies like hydrogen energy.
Specifically, the multinational would invest 400 billion yen between fiscal years 2023 and 2025 to boost its competitiveness in high-growth areas like car batteries, supply chain software, and air quality and air conditioning.
It would also invest additional 200 billion yen (1.476 billion euros) to strengthen the company’s “technological pillars,” such as hydrogen energy and CPS (cyber-physical systems).
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