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.
