Panasonic announces collaboration and acquisition agreement with GS-Solar
Panasonic Corporation announced that it has reached a collaboration and acquisition agreement with GS-Solar (China) in the field of photovoltaic technology. Under the agreement, GS-Solar will acquire Panasonic’s solar manufacturing subsidiary, Panasonic Energy Malaysia, while establishing a new company with Panasonic. With GS-Solar holding a 90% share and Panasonic owning the remaining 10%, the two companies will jointly operate and invest in this new company in Japan, focused on the research and development of HIT technology. On the same day, Panasonic also made another equally important announcement that a joint venture with Toyota Motor Corporation covering the urban development business is formed.
GS-Solar has been specializing in solar cell technology research and development and product manufacturing for more than 10 years. Through this collaboration, GS-Solar will take a leading global position in the field of photovoltaic application with its heterojunction technology. The company’s technological achievements have been highly commended by Panasonic.
The collaboration will also see Panasonic actively mobilize energy storage technologies, home energy management systems and emergency power storage systems, as well as other new energy resources, to help support the development of advanced heterojunction technologies and improve their product competitiveness. In addition, the company will further integrate the HEMS, PV modules, storage batteries, ECO Cute heat pump systems, and electric vehicle charging solutions.
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