ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more