SUBMIT PHOTO: Panasonic Corp President Kazuhiro Tsuga goes to a joint news conference with Toyota Motor Corp President Akio Toyoda in Tokyo, Japan, December 13, 2017. REUTERS/Toru Hanai( Reuters) – Panasonic Corps outgoing Chief Executive Kazuhiro Tsuga stated the company will require to reduce its heavy dependence on Tesla Inc by making batteries more compatible with electric vehicles from other worldwide carmakers, the Financial Times reported on Sunday.” At some point, we require to graduate from our one-legged method of relying solely on Tesla,” Tsuga, who will step down after 9 years as CEO from April 1, informed the newspaper in an interview.” We are going into a different phase and we require to watch on supplying producers aside from Tesla.” The Japanese corporation announced in November that Tsuga would step down in April after nine years at the helm which Yuki Kusumi, the head of its automobile service, would take over.Under Tsugas management, Panasonic has actually shifted its focus away from low-margin customer electronics to batteries, factory makers and parts. The business said last month it expects its battery business supplying Tesla to be successful this fiscal year.Panasonic has actually partnered with Tesla in a $5 billion battery “gigafactory” near Reno, Nevada.Reporting by Kanishka Singh in Bengaluru; Editing by William Mallard

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