Friday, October 30, 2020 1:11:56 AM
https://www.reuters.com/article/us-panasonic-results/panasonic-second-quarter-profit-beats-estimates-on-boost-from-tesla-battery-business-idUSKBN27E0ZE
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Panasonic Beats Earnings. It seems like the entire battery supply line is beating estimates. Big CapEx ahead for them as well.
Tesla has said it plans to manufacture its own battery cells at several highly automated factories around the world, but will also continue to use its existing cell suppliers - Panasonic, South Korea’s LG Chem and China’s Contemporary Amperex Technology Co.
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