Japan’s Panasonic to end solar panel production – domestic media

Japan’s Panasonic to end solar panel production – domestic media

Japan's Panasonic to end solar panel production - domestic media In the future, Panasonic will source solar panels from other manufacturers    Solar panels are seen at a solar power facility in Nakai town, Kanagawa prefecture, Japan, March 1, 2016.TOKYO - Japan's Panasonic Corp will cease production of its own solar panels, national broadcaster NHK and the Nikkei newspaper reported on Sunday, reporting that the company's decision was due to increasing price competition from Chinese manufacturers.The Nikkei reported that the company will end manufacturing of solar cells and panels as early as March at factories in Malaysia and Japan's Shimane prefecture.In the future, Panasonic will source solar panels from other manufacturers, both the NHK and Nikkei said.Reuters was not immediately able to reach a Panasonic representative for comment.(Reporting by Mari Saito; Editing by Raju Goplakrishnan) (([email protected];))Zawya CoverageindustrialSaudi-based paper company registers $10.9mln lawsuit against ex-CEOfinancial services11 UAE banks fined $12.5mln for anti-money laundering lapsesvaccineEmirates, DP World to help distribute COVID-19 vaccines worldwidefinancial servicesSaudi's Albilad Capital announces $232,000 cash dividend for Sukuk ETFhealthcareUAE ranked top medical tourism destination in GCCMoreReuters Coveragealternative energySouth Korea says North Korea nuclear plant documents were 'just an idea'securityFugitive ex-leader of Ethiopia's Tigray region vows 'extended resistance'healthcareMalaysia reports