Panasonic to invest $700 million to produce new batteries for EVs – Nikkei

(Corrects figure in headline to $700 million from $700 billion)

TOKYO (Reuters) – Japan’s Panasonic will invest about 80 billion yen ($705 million) to mass-produce a new type of lithium ion battery for electric vehicles (EVs) from as early as 2023, the Nikkei reported on Monday.

($1 = 113.5400 yen)

(Reporting by Sakura Murakami; Editing by David Goodman)