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
South Korea's LG Display said it will invest more than 10 trillion won ($8.71 billion) to build a large plant to make panels using organic light-emitting diode (OLED) panels, raising its big bet on the ultra-clear display technology. Full Article