Panasonic has announced that as part of its medium and long-term growth strategy, the business will invest a total of 600 billion yen (4.9 billion USD) over the next three years through fiscal 2025.
The investment will be used in sectors such as car batteries and supply chain software. The Japanese conglomerate stated that the total investment dollar will be split, with 400 billion going to “growth areas”, and the remaining 200 billion going to technology such as cyber-physical systems.
Over the same period, the corporation wants to make a cumulative operating profit of 1.5 trillion dollars.
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