Panasonic will source solar panels from other manufacturers.(Reuters)
Panasonic will source solar panels from other manufacturers.(Reuters)

Japan's Panasonic to end solar panel production: Report

The Nikkei reported that the company will end manufacturing of solar cells and panels as early as March at factories in Malaysia and Japan's Shimane prefecture.
Reuters, Tokyo
UPDATED ON JAN 31, 2021 01:02 PM IST

Japan's Panasonic Corp will cease production of its own solar panels, national broadcaster NHK and the Nikkei newspaper reported on Sunday, reporting that the company's decision was due to increasing price competition from Chinese manufacturers.

The Nikkei reported that the company will end manufacturing of solar cells and panels as early as March at factories in Malaysia and Japan's Shimane prefecture.

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In the future, Panasonic will source solar panels from other manufacturers, both the NHK and Nikkei said.

Reuters was not immediately able to reach a Panasonic representative for comment.

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