Specializes in alkaline, lithium-ion, and rechargeable batteries, producing primary cylindrical lithium cells via advanced manufacturing and quality control. Its Materials Division develops specialized battery components and employs sustainable processes reducing cobalt content.
Offers the eneloop line of rechargeable batteries (retaining 70% charge after ten years), Platinum Power and Industrial alkaline batteries for various applications, and larger high-capacity cylindrical batteries for electric vehicles aimed at improving efficiency.
In 2024, opened a 30 GWh lithium-ion facility in De Soto, Kansas; partnered with Redwood Materials on sustainable battery production and recycling; at CES 2025 launched the Go initiative for AI-driven customer solutions targeting 30% AI revenue by 2035.
Panasonic Energy Corporation of America is a subsidiary of Panasonic Holdings Corporation. It is 55.0% owned by individual investors and 43.0% by institutional investors. Notable institutional shareholders include BlackRock (6.5%), Vanguard (5.3%), and Sumitomo Mitsui Trust (4.1%). The company has not undertaken any separate funding rounds.