Panasonic 2014 Annual Report Download - page 17

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2013 sales: Approx. ¥15 billion
Employees: Approx. 700
Businesses: in 79 countries
No. 1 market share
in Asia
High market share in the
Middle East, CIS
Accelerate business expansion through new sales channels
Acquisition cost price:
Approx. ¥46 billion
(90% of shares acquired)
Towards global No. 1Towards global No. 1
market sharemarket share
Towards global No. 1
market share
Tesla Motors’ Model S
Cylindrical lithium-ion battery
cells supplied by Panasonic
2. Strategic Structures and Preparations for Further Growth
Asia with VIKO’s unique advantages not only
in Turkey, but also in the Middle East and
CIS with an eye to becoming the global No.
1 wiring device company. Leveraging VIKO’s
sales channels and strong brand awareness,
Panasonic aims to expand its housing-related
businesses including lighting devices and
fans worldwide.
Please refer to the following for details:
Panasonic Signs Share Purchase Agreement for Turkish
Wiring Device Maker VIKO
PDF
Management Topics
Initiatives in the Residential
Field
On February 28, 2014, Panasonic acquired
90% of issued shares of Turkish wiring device
maker Viko Elektrik ve Elektronik Endüstrisi
Sanayi ve Ticaret Anonim Şirketi (VIKO).
Panasonic is combining its strengths in
Panasonic Purchased Turkish
Wiring Device Maker with Strengths
in the Middle East and CIS
Please refer to the following for details:
Panasonic and Tesla Reach Agreement to Expand Supply of
Automotive-Grade Battery Cells
PDF
Initiatives in the Automotive
Field
On October 30, 2013, Panasonic and Tesla
Motors (Tesla) concluded an agreement to
expand the supply of electric vehicle battery
cells. This agreement involves supplying
approximately two billion lithium-ion battery
cells between 2014 and 2017.
The agreement builds on a multi-year
collaboration between Panasonic and Tesla
to jointly develop electric vehicle battery
cells and accelerate the expansion of the
electric vehicle market. In addition to the
Sedan Model S (available for sale),
Panasonic battery cells supplied to Tesla
will be installed in a performance utility
vehicle, Model X, planned to begin mass
production by the end of 2014.
In this instance, Panasonic’s cylindrical
lithium-ion battery cells which have been
designed to optimize electric vehicle quality
and life. Tesla has in turn integrated these
cells into a battery pack that has enabled
an industry-leading cruising distance of
502 km* in its Model S.
Panasonic will increase its lithium-ion
battery cell production capacity to fully
supply Tesla as it expands its production of
electric vehicles.
Panasonic’s in-vehicle cells are attracting
high praise from automobile manufacturers
other than Tesla. As a result, the Company
is witnessing a steady increase in orders.
In response to this increase, Panasonic
is undertaking opportunity-seizing
investments while working to expand its
business.
Panasonic and Tesla Motors
Conclude an Agreement to Expand
Supply of Automotive-Grade
Battery Cells
* Cruising range promoted by the New European Driving
Cycle (NEDC)
Buyout of Top Turkish Wiring Instrument Company, VIKO
About Panasonic Top Message Message
from the CFO Business Overview Corporate
Governance
Management
Topics
Panasonic Annual Report 2014 Search Contents Return NextPAGE
16
Highlights
Financial and
Corporate Information