Panasonic will cooperate with BAIC to produce majo
2022-10-14- Detail
Panasonic will cooperate with BAIC to produce the main parts of electric vehicles
Panasonic Electric Co., Ltd. will cooperate with BAIC group to produce the main parts supplied to electric vehicles. It is reported that Panasonic Electric Co., Ltd. will cooperate with BAIC group to produce major components for electric vehicles
it is reported that Panasonic and BAIC will invest tens of billions of yen to establish a joint venture within this year, of which BAIC will contribute about 54%, and Panasonic's company responsible for its business in China will contribute about 46%. The factory will be located in Tianjin, China to avoid rust
the joint venture mainly produces electric compressors for electric vehicle air conditioners. This kind of electric compressor is different from the air-conditioning compressor of fuel vehicles. It can use the electric energy of the battery to efficiently control the cooling and heating of the air-conditioning. It is an important component that determines the endurance capacity
the joint venture strives to start mass production of this kind of compressor in 2018, mainly supplying vehicles of Beijing SAMPE Beijing Branch
this will be the first time Panasonic has established a joint venture with a Chinese vehicle manufacturer. Panasonic is gradually expanding its auto related business, which can reduce friction. Panasonic's auto related business sales in 2015 were about 1.3 trillion yen (107 yen, about $1), with the goal of increasing to 2 trillion yen in 2018. In the future, Panasonic plans to expand its business for environmentally friendly vehicles such as electric vehicles and hybrid electric vehicles
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