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Panasonic Energy enters discussions with IndianOil Over Framework for formation of joint venture to manufacture cylindrical lithium-ion batteries in India

Panasonic Energy Co., Ltd., a Panasonic Group Company, has announced it has signed a binding term sheet and initiated discussions with Indian Oil Corporation Limited (“IndianOil”; New Delhi) to draw a framework for formation of a joint venture to manufacture cylindrical lithium–ion batteries. This initiative is driven by the anticipated …