Panasonic announces collaboration and acquisition agreement with GS-Solar

Panasonic Corporation has announced that it has reached a collaboration agreement with GS-Solar (China) Company Ltd. in the field of photovoltaic technology. Under the agreement, GS-Solar (China) will acquire Panasonic’s solar manufacturing subsidiary, Panasonic Energy Malaysia, while establishing a new company with Panasonic. With GS-Solar holding a 90% share and Panasonic owning the remaining 10%, the two companies will jointly operate and invest in this new company in Japan, focused on the research and development of HIT technology.

Based on this collaboration, GS-Solar (China) will integrate Panasonic’s innovations and manufacturing technologies in the field of HIT to drive a breakthrough in efficient heterojunction technology and set milestones for the development of the energy industry. This collaboration also enables GS-Solar (China) to help start the industrialization and large-scale expansion of next-generation heterojunction technologies on a global scale.