Panasonic Battery Division Sees 47% Profit Growth in Q1, Fueled by AI Surge
Panasonic, one of Japan’s leading industrial giants, has reported a remarkable 47% rise in quarterly profit in its energy division. This surge is mainly attributed to increased demand for lithium-ion batteries, driven by the explosive growth of artificial intelligence (AI) data centers and electric vehicle (EV) expansion. As AI technology becomes central to global innovation,…