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PANASONIC TO EXIT SOLAR PRODUCTION


TOKYO/LOS ANGELES (Reuters) - Panasonic Corp (6752.T) said it would exit solar cell production at Tesla Inc’s New York plant, the latest sign of strain in a partnership where Panasonic’s status as the U.S. electric vehicle (EV) maker’s exclusive battery supplier is ending.

The move increases uncertainty over Tesla’s (TSLA.O) solar business which is already under scrutiny, having been drastically scaled back since the U.S. firm bought it for $2.6 billion in 2016.


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