Energy Company

(As of November 2021)

Photo: Kazuo Tadanobu, President, Chief Executive Officer (CEO), Energy Company, Panasonic Corporation. Title wording: Maximizing Safe, Secure and Eco-Friendly Value So One by One We Become the ‘Energy to Change the Future’

The Energy Company was established in October 2021 through consolidation of all Panasonic organizations involved in the battery business: the energy business operations of the Industrial Solutions Company, the Tesla energy business of Panasonic Corporation of North America and the Head Office energy technology organizations.

Expanding Our Battery Business Worldwide

The Energy Company is engaged in the dry battery business, which supports consumer’s day-to-day lives; the industrial battery business, which underpins a broad range of social infrastructure; and the automotive battery and other B-to-B businesses. Boasting a global workforce of approximately 20,000 employees (including 4,500 in Japan) and 20 key production bases worldwide (eight in Japan), the Company comprises three divisions: the Energy Device Business Division, the Mobility Energy Business Division and the Energy Solutions Business Division. Inspired by the idea of enabling people to enjoy lives enriched by electricity, our primary focus is on “green” endeavors such as eco-friendly vehicles, and “digital” sectors such as information and communication infrastructure. Our vision is to be of service to society by bolstering our competitiveness in both the automotive and the industry/consumer sectors.

At a time when electric vehicles (EVs) continue to gain significant traction worldwide, high expectations for the automotive cylindrical lithium-ion batteries being developed by the Mobility Energy Business Division are helping to drive steady growth of our business.

Diagram title: ‘Energy Company — Organizational Structure’ Diagram of the organizational structure of the Energy Company, Panasonic Corporation. The Company comprises three business divisions — the Energy Device Business Division, which develops dry batteries, lithium primary batteries, nickel-metal hydride batteries, etc.; the Mobility Energy Business Division, which develops cylindrical Li-ion batteries for in-vehicle use, etc.; and the Energy Solutions Business Division, which develops small-sized Li-ion batteries, storage battery modules/systems, etc. — along with the Technology Department and the Global Marketing & Sales Division.

Reducing Our Environmental Impact Is the Ultimate Challenge

We live in increasingly complex and diverse times that require us to respond quickly and flexibly to change. Countless products and devices rely on our technologies to support affluent and comfortable lives. Today, the solutions we offer also need to be friendly to the environment and sustainable. Buoyed by the unyielding determination that this approach is the only path left to humanity if we are to change the future, we at the Energy Company are concentrating all our might to further evolve our technologies, going beyond the standard concept of batteries to create a completely new type of value.

Diagram title: ‘Energy Company — Major Applications’ As in-vehicle, the Energy Company is developing nickel-metal hydride batteries for e-Call use, lithium primary batteries for keyless entry and TPMS (tire pressure monitoring system) use, and in-vehicle cylindrical Li-ion batteries (1865/2170) as driving batteries. As IoT/infrastructure, the Company is developing small-sized Li-ion batteries for laptop PCs and tablet PCs; storage battery modules for data center use; nickel-metal hydride batteries for medical use; pin-type lithium-ion batteries for use in smart glasses; and lithium primary batteries for gas/water meter use. In consumer, etc., the Company is developing dry batteries for remote controllers etc.; nickel-metal hydride batteries (for consumer); and small-sized Li-ion batteries for electric assisted bicycle and electric tool use.

From the perspective of sustainability, consideration for limited and precious resources is a given. We have achieved a significant reduction in the amount of cobalt used in manufacturing lithium-ion batteries, cutting our usage rate of this indispensable and rare metal to less than 5% as of 2021. Our next step is to scale up emerging cobalt-free manufacturing technologies to the level of mass production.

“4680” Next-Generation Large-Capacity Cylindrical Automotive Battery

In 2017, we completed construction on a North American production base for cylindrical automotive batteries in anticipation of a future where EV use has become more widespread against a backdrop of growing environmental awareness. Expertise in lithium-ion battery production garnered in Japan was utilized to successfully launch the plant, the scale of which is unprecedented. The fourteenth new line went into operation in August 2021, and production continues to increase. In addition to the two types of cylindrical automotive batteries already on the market — the 1865 and 2170 — development is under way on the evolutionary 4680. This next-generation model boasts a cylinder more than twice the diameter of the 2170 — and a capacity about five times as large. During the fiscal year 2021 which ends March 2022, we will start a test production line for prototypes in Japan and step up our efforts toward mass production.

Photo: CEO Kazuo Tadanobu with the 4680 cylindrical automotive battery now under development.
“4680” cylindrical automotive battery now under development
Photo: The 1865, 2170 and 4680 (prototype) cylindrical automotive batteries lined up together.
“1865”, “2170” and “4680” (prototype) cylindrical automotive batteries

Further increasing battery capacity can reduce both the number of batteries required for each vehicle as well as the number of related parts, providing the same performance while helping reduce overall cost. Alternatively, installing the same number of higher-capacity batteries makes it possible to extend cruising range or meet the larger output requirements of commercial vehicles. Having achieved an exceptional level of safety while simultaneously increasing capacity, the EV industry is eagerly awaiting the arrival of this next-generation battery.

Batteries to Power a Sustainable Society

The Energy Company's mission is “achieving a society in which the pursuit of happiness and a sustainable environment are in harmony,” and our vision is “energy that changes the future.” The battery market itself continues to expand, and we will continue pursuing collaboration in a variety of sectors while engaging in safe and secure manufacturing that delivers high capacity, high efficiency and high reliability.

Panasonic Corporation has a long history in the battery business, and we believe our role is to continue making a positive contribution to society. Our road to a sustainable society runs through the battery business. We are committed to leveraging the know-how we have cultivated while helping people live affluent lifestyles to focus our attention on realizing a safe and secure mobility society and addressing environmental challenges.

The Energy Company will be evolving into “Panasonic Energy Corporation” in April 2022. While demonstrating leadership that drives our industry forward, we will aim to become even more useful by going beyond the bounds of conventional batteries.