Thread by @KawasakiKR11

A JPN biz weekly is reporting that Pana CEO Tsuga was at GF1 in June (for the 3rd time this yr). According to the article, he apparently was there to demand price HIKE on batteries.

$TSLA $TSLAQ #Tesla #CYAZ #テスラ #モデル3
premium.toyokeizai.net/articles/-/212…

Lower level negotiations, including through JB, seems to have failed, thus the top level face-to-face mtg. Tsuga also says they solved batt. shortage long ago. Unfortunately, the rest are behind paywall.

$TSLA $TSLAQ #Tesla #CYAZ #テスラ #モデル3

The magazine is a decent one, not some obscure one. This is where NYT pieces by Neal Boudette are translated & published, for example. I'd say it's a notch below Nikkei, but on per w/ Nikkan Kogyo, etc.

Later one, I'll see if I can get access to the rest of it. If I do, I'll add to this thread. I'm a bit busy w/ real life at the moment.

Got access to the full article, which goes over all the issues Pana faces. Tesla is just one example.

One thing to note, is that Pana is considering shutting down its Buffalo operation because of excess capacity.

cc: @DanTelvock

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Everything else in the article is what anyone who follows Pana would know. The article ends by stating the obvious, i.e. if current restructuring fails, Tsuga's job is at stake.

$TSLA $TSLAQ #Tesla #CYAZ #テスラ #モデル3