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Electronics

Panasonic nears deal to outsource TV production to China's TCL

Output to end in India and Vietnam as Japanese brand moves to restore profitability

Panasonic TVs on display at a store in Tokyo. The Japanese company sees great potential in China's home appliance market.
Panasonic TVs on display at a store in Tokyo.   © Reuters

OSAKA -- Panasonic is poised to outsource production of televisions to Chinese rival TCL, the world's third-largest TV maker, in the Japanese electronics group's latest move to cut costs in a segment where its brand has faded, Nikkei has learned.

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