Panasonic mulls reducing TV production, shifting some to China's TCL

Economy

Panasonic Corp. is considering shifting production of small and midsize televisions to Chinese home appliance maker TCL Corp. as the Japanese electronics company aims to focus on larger, high-end products, sources with knowledge of the matter said Friday. Panasonic's TV business has been struggling due to fierce competition from Chinese and South Korean rivals. The company is planning to reach an agreement with TCL in May and end TV production at its plants in India and Vietnam once TCL starts manufacturing products for Panasonic, according to the sources. A Panasonic plant in Tochigi Prefectu...

Kyodo News

Kyodo News