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Electronics

Eclipsed by Chinese rivals, Panasonic quits solar cells and panels

Crowded field and less domestic demand cause market share to plummet

A solar farm Panasonic delivered in Hokkaido, Japan. 

OSAKA -- Panasonic will withdraw from solar cells and panel production, Nikkei has learned, as the former leading maker now faces fierce competition from Chinese rivals that can produce the items at a lower cost.

Panasonic will quit manufacturing as early as March 2022 at factories in Malaysia and Japan's Shimane Prefecture. The move marks a complete exit from the solar manufacturing business after the Osaka-based company scrapped a partnership with Tesla that produced solar cells last year.

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