Panasonic May Slow Solar Panel, Lithium Battery Production

Reuters reported Panasonic Corp (NYSE:PC,TYO:6752) may curtail its expanded production of solar panels and small lithium batteries for electronics.

As quoted in the market news:

Panasonic recently built a solar panel plant in Malaysia for 45 billion yen ($564 million), upping capacity by one-third to 900 megawatts. Plans to further ramp up production to 1.5 gigawatts may be scaled back, however, because of weak demand, particularly in Europe, the sources said on condition they were not identified.

Click here to read the full Reuters report.

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