On May 9, 2019, Panasonic Corporation 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 
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.

The collaboration will also see Panasonic actively mobilize energy storage 
technologies, home energy management systems and emergency power storage 
systems, as well as other new energy resources, to help support the development 
of advanced heterojunction technologies and improve their product 
competitiveness. In addition, the company will integrate the HEMS, PV modules, 
storage batteries, ECO Cute heat pump systems, and electric vehicle charging 
solutions. Panasonic will also invest on areas of common development including 
zero energy consumption buildings (ZEH), the adaption of new energy management 
systems to the era of feed-in tariff subsidies, and the application of many 
solar energy-related products and technologies to emergency power energy 
storage systems for use during natural disasters.

SOURCE: GS-Solar