TOKYO 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
A Swiss man attempting to circumnavigate the globe with an aircraft powered only by the sun's energy has broken a world record for the longest non-stop solo flight, the project team said on Thursday. Full Article
Solar-powered plane breaks solo flight record across Pacific to Hawaii Full Article