Panasonic jumps more than 6 percent on report of Tesla battery plan
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.
The newspaper said the investment for the new plant was expected to reach more than 100 billion yen ($979 million).
Panasonic was the second-most traded stock on the main board.
($1 = 102.1800 Japanese yen)
(Reporting by Dominic Lau; Editing by Edmund Klamann)
- Hong Kong protesters plan march after fruitless talks with government
- NOAA employee charged with stealing U.S. dam information
- Sweden gets two new sightings, as hunt for undersea intruder goes on
- Special Report: Traffickers use abductions, prison ships to feed Asian slave trade
- Three Denver girls reportedly en route to Turkey detained, sent home