TOKYO (Reuters) - Shares in Panasonic Corp jumped more than 6 percent to a three-week high of 1,271 yen on Wednesday after the Nikkei newspaper said the firm is inviting a number of Japanese suppliers to join it in investing in a U.S. car battery plant it plans to build with Tesla Motor Inc (TSLA.O).
The newspaper said the investment for the new plant was expected to reach more than 100 billion yen.
Panasonic was the second-most traded stock on the main board.
(Reporting by Dominic Lau; Editing by Edmund Klamann)
Trending On Reuters
India's central bank is working on improving the integration between e-commerce firms and the country's banking systems, a deputy governor of the Reserve Bank of India (RBI) said on Monday. Full Article
- Sony unveils new Xperia phone even as it retrenches in mobile
- Raytheon to buy cybersecurity firm Websense in $1.9 billion deal
- Ceglia loses bid to revive Facebook lawsuit, block criminal case
- Uber must face U.S. lawsuit claiming it snubs blind people
- Humanoid robot starts work at Japanese department store
EU ministers discuss migrant crisis as shipwrecked bodies brought ashore Full Article
Lambert, Florida Georgia Line early winners at Country Music awards. Full Article