Panasonic’s battery has been the focus of a number of headlines in recent weeks as it’s the subject of a long-running legal battle with the battery maker.
The battery is one of the best-performing in the world, according to Battery Magazine’s annual Battery Power Index, and it is currently in the top 10 on Forbes’ list of the world’s most valuable companies.
Panasonic has said the battery is the best battery on earth and is likely to be the best all-round battery ever built.
In a filing to the US Securities and Exchange Commission on Tuesday, the company said it is looking to “implement a significant new battery development strategy for the long term” with a focus on battery technology, battery manufacturing, and the global battery market.
The filing said Panasonic will use “a combination of investments in new battery technologies, new battery manufacturing technologies and other strategies to accelerate and expand the growth of the battery industry.”
Panasonic is also investing in battery research, research and development (R&D), research and commercialization (R/C) of its batteries, and research and design of new battery components.
Panasonic said the company will also be working on a “continuous roadmap for battery technology and product design” and will invest “in the development and development of a broad portfolio of battery products”.
Panasonic, based in Tokyo, Japan, has an annual revenue of US$14 billion and is one the worlds biggest battery manufacturers.
It’s manufacturing capacity is estimated at 20 billion lithium-ion batteries and has a global battery production capacity of approximately 50 billion batteries annually.