Panasonic buys Sanyo, focusing on new energy industries such as LEDs and solar cells.

Recently, Matsushita Electric has transformed Sanyo Electric into a wholly-owned subsidiary, and said that some of the strong products of Sanyo brand including battery will still retain the Sanyo brand. So far, Panasonic has six business systems including "AVC Network", "Home Appliances", "Components", "Panasonic Electric", "Other Business Areas" and "Sanyo Electric".

Sanyo related person in charge said that Sanyo will be committed to research and development of new energy in the future, and introduced HIT solar cell 1MW power generation system with high conversion efficiency and 1.5MWh power storage system for ultra-large-scale battery in the green energy industrial park in Hyogo Prefecture, Japan. An energy management system (EMS) that controls energy-saving equipment, as well as building power distribution, computers, and LED lighting that are powered by direct current (DC).

At the end of March 2011, Sanyo white goods will stop production. After 2012, Sanyo products will gradually be unified to the Panasonic brand. In terms of new energy sources such as solar cells, the Sanyo brand is still retained.

In the new energy industry, Sanyo strives to enter the top three in the world in 2015, with secondary batteries ranking first in the world, and hybrids with a 40% global market share in 2020.

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