Text: Understand the original Chedi Li Dezhe
[Understand the original industry] The global electric vehicle market demand is slowing down? At least Panasonic, which supplies batteries for Tesla, has been the first to feel the "chill".
Panasonic recently lowered its annual profit forecast for its battery business unit to 115 billion yen from 135 billion yen previously
According to Reuters, Panasonic recently lowered its annual profit forecast for its battery business unit to 115 billion yen from the previous 135 billion yen, a decrease of 15%. In the third quarter of this year, the company's power battery production in Japan was cut by 60%.
Panasonic said in a document that the company's power battery production in Japan has also been affected by the slowdown in demand for high-end electric vehicles in the North American market as the U.S. Inflation Reduction Act has stimulated changes in consumer demand. The reduction in capacity is also aimed at keeping inventories at the right level.
In the third quarter of this year, Panasonic cut power battery production in Japan by 60%
It is worth noting that Reuters reported that due to weak growth in major economies such as Europe and the United States, a number of automakers and suppliers have issued similar warnings or expressed unoptimistic market prospects.
It is understood that South Korea's LG Energy warned last week that the company's revenue growth is expected to slow down in 2024 due to the uncertainty of the global economy affecting electric vehicle sales. And Tesla CEO Elon Musk also said this month that despite price reduction measures in many markets, potential customers are still on the sidelines.
General Motors recently announced that it will slow down the expansion of electric vehicle production capacity
In addition, from the perspective of OEMs, such as General Motors, which recently announced that it will slow down the expansion of electric vehicle production capacity, and at the same time will further reduce the company's costs.