Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  Panasonic Corporation    6752   JP3866800000

PANASONIC CORPORATION

(6752)
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Tesla says single battery module caused car fire in Shanghai, has changed vehicle settings

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/28/2019 | 06:47am EDT
Tesla logo is seen on a wheel rim during the media day for the Shanghai auto show in Shanghai

BEIJING/TOKYO (Reuters) - Electric vehicle (EV) maker Tesla Inc said on Friday a single battery module caused a car to catch fire in Shanghai and it had revised its vehicle settings to further protect its batteries following an investigation into the incident.

The company said in a statement posted on its Weibo social media account that the joint investigation team had conducted an investigation and analysis of the battery, software, manufacturing data and vehicle history.

The investigation found no system defect, and the initial findings show the incident was caused by a single battery module located at the front of the vehicle, Tesla said.

Japanese battery manufacturer Panasonic supplies Tesla with battery cells, but not modules, which are a group of cells joined together.

The company has revised the charge and thermal management settings on Model S and Model X vehicles via an over-the-air (OTA) software update, to help further protect the battery and improve battery longevity, the statement said.

A parked Tesla Model S caught fire in Shanghai on April 21.

Tesla has said its EVs are about 10 times less likely to experience a fire than petrol-powered cars.

Tesla's local competitor Nio Inc said on Weibo on Thursday that some battery modules in its cars might have safety issues as well, and that it would recall 4,803 units after three fire incidents in China.

Safety of electric vehicles is a growing issue in China, the world's largest new energy vehicle (NEV) market, where 1.3 million NEVs were sold last year.

China's industry ministry asked carmakers this month to carry out safety investigations on waterproof protection, high-voltage harnesses, in-vehicle charging devices, and battery boxes in their cars.

(Reporting by Yilei Sun in BEIJING, Makiko Yamazaki in TOKYO and Brenda Goh in SHANGHAI; Editing by Christian Schmollinger and Tom Hogue)

Stocks mentioned in the article
ChangeLast1st jan.
NIO INC - ADR 4.61% 2.95 Delayed Quote.-53.69%
PANASONIC CORPORATION 0.50% 805 End-of-day quote.-16.15%
TESLA INC. 1.99% 219.94 Delayed Quote.-33.91%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PANASONIC CORPORATION
08/14PANASONIC : Launches New Precision High Torque Assembly Tools with Two-Way Commu..
AQ
08/14Amazon Web Services Announces General Availability of AWS Lake Formation; AWS..
AQ
08/08PANASONIC : Cumulative Water Pump Production in Indonesia Tops 30 Million Units
BU
08/07PANASONIC : Michael Moskowitz Named Chairman and CEO of Panasonic Corporation of..
AQ
08/04As Japan frets about dearth of AI talent, Daikin develops own program
RE
08/02Trump's China Tariff Threat Roils Markets Around the World
DJ
08/01PANASONIC : offers full product and labor warranty for new AC module for its Aut..
AQ
08/01PANASONIC : San Benedetto aims to improve digital processes with Panasonic TOUGH..
AQ
08/01Sharp posts lower-than-expected profit as trade gloom hits electronics demand
RE
07/31Panasonic first-quarter profit nearly halves on China, Tesla woes
RE
More news
Financials (JPY)
Sales 2020 7 958 B
EBIT 2020 307 B
Net income 2020 199 B
Debt 2020 313 B
Yield 2020 3,74%
P/E ratio 2020 9,52x
P/E ratio 2021 8,77x
EV / Sales2020 0,28x
EV / Sales2021 0,25x
Capitalization 1 878 B
Chart PANASONIC CORPORATION
Duration : Period :
Panasonic Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PANASONIC CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 1 061,76  JPY
Last Close Price 805,00  JPY
Spread / Highest target 73,9%
Spread / Average Target 31,9%
Spread / Lowest Target 5,59%
EPS Revisions
Managers
NameTitle
Kazuhiro Tsuga President, CEO & Representative Director
Shusaku Nagae Chairman
Hirokazu Umeda Director & Chief Financial Officer
Yoshiyuki Miyabe Chief Technology Officer
Makoto Ishii Executive Officer & Head-Information Systems
Sector and Competitors
1st jan.Capitalization (M$)
PANASONIC CORPORATION-16.15%17 596
SAMSUNG ELECTRONICS CO LTD (ADR)4.27%239 303
SONY CORP12.98%68 498
LG ELECTRONICS INC.--.--%8 433
TCL CORPORATION--.--%6 627
SHARP CORPORATION5.27%6 472