The Panasonic booth is shown during the 2020 CES in Las Vegas, Nevada, U.S. January 7, 2020. REUTERS/Steve Marcus/File Photo
TOKYO (Reuters) -Panasonic on Wednesday said operating profit at its battery-making energy unit grew strongly in the first quarter due to the AI investment boom, offsetting negative impacts from U.S. tariffs and the termination of electric vehicle tax credits.
Profit for the key unit, which makes batteries for Tesla and other EV makers, rose 47% year-on-year to 31.9 billion yen ($215.6 million).
