Tesla Inc. battery supplier Panasonic Corp. looked to invest ¥600 billion ($4.9 billion) in automotive batteries, supply chain software, and other areas it considered core to its growth. Panasonic looked to invest ¥400 billion in growth segments, including electric-vehicle cells, and another 200 billion yen in hydrogen device technology over three years through fiscal 2024. Panasonic targeted an accumulated operating profit of ¥1.5 trillion over the period. Panasonic weighed a site for a U.S. factory where it looked to build next-generation batteries for Tesla and other automakers. Panasonic also saw opportunities in supply-chain software, acquiring Blue Yonder, which made supply-chain management tools and used artificial intelligence to predict product demand. By Anusuya Lahiri © 2022 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.