Pansonic as we all know it is a company supplying consumer electronics for many countries all over the world. A few of us know that Pansaonic is the world’s leading battery cell manufacturer and one of the biggest automotive industry providers. Recently, Panasonic purchased 30 million dollars worth of stocks from Tesla Motors, a manufacturer of high performance electrical vehicles. The deal was sealed through the purchase of common stocks in a private placement. The deal was struck to expand and elevate the market of electrical vehicles.
Tesla In order to produce advanced battery packs for it’s products, saw this deal as fundamental and crucial to the company. Many people will wonder why I brought up this article in the energy industry blog. Well, the main reason is that Tesla cars are electrical rather than depending on gas. Panasonic aims to be one the leading Green companies in the electronics industry. This vision will propel the cultural corporate image and boost it’s public relations.
http://online.wsj.com/article/SB10001424052748704506404575593162128563810.html?mod=WSJ_Energy_leftHeadlines
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