Panasonic: Discontinuing cooperation with China GS Solar: Solar cell business
Panasonic Life Solutions:
On July 30, it was announced that the solar cell business/collaboration agreement with Chinese solar cell manufacturer GS-Solar (China) will be terminated.
Panasonic and China GS Solar:
Both companies
In May 2019, we planned to establish a new solar cell company and jointly invest and operate it.
It also agreed to transfer Sun Everywhere (formerly Panasonic Energy Malaysia).
China GS Solar:
But GS Solar
By the deadline specified in the contract,
Since we did not meet the requirements to start collaboration,
It is said that it has decided to cancel the collaboration agreement.
Mynavi news
https://news.mynavi.jp/article/20200731-1190508/
Terminates solar cell business cooperation agreement with GS Solar in China
July 30, 2020
Panasonic Corporation
GS Solar is
Exceeding the deadline specified in the contract,
Furthermore, even after the period considering the impact of COVID-19,
Since we did not meet the requirements necessary to start collaboration,
We have decided to cancel the contract.
In the future, Panasonic will take a resolute response to GS Solar with an uncompromising stance of legal means.
In addition, Panasonic will consider various means, including tie-ups with new partners.
Production bases for solar business:
Nishikinohama Factory,
Shimane factory,
Malaysia Factory,
Fukushima factory.
https://news.panasonic.com/jp/press/data/2020/07/jn200730-2/jn200730-2-1.pdf