Panasonic (PCRFF) is best known for making household goods like televisions and washing machines, but it’s also a big supplier of batteries to Tesla (TSLA).The company’s Europe CEO, Laurent Abadie, told the Nikkei Asian Review on Thursday that Panasonic was seeking to avoid potential tax issues resulting from Britain’s departure from the European Union. The company is also worried about potential restrictions on the flow of people and goods between Britain and other countries, he added.The move will happen next month, Abadie said, adding that Panasonic had been considering relocating for the past 15 months. The company employs around two dozen people in the United Kingdom but not all of them will move, he told the newspaper.Besides making household goods like washing machines, Panasonic is also a key supplier of batteries to electric carmaker Tesla.The Japanese government has previously warned that its companies could move their business elsewhere in Europe following Brexit.
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