Panasonic Unveils China Regional Development Strategy at 9th CIIE

On November 6, Panasonic unveiled its new localization development plan for the Chinese market at the 9th China International Import Expo. Masaharu Nakayama, Executive Officer of Panasonic Holdings and Group Chief Representative for China and Northeast Asia, introduced that the strategy anchors on three core tracks: AI infrastructure construction, high-end advanced manufacturing, and smart healthy living spaces, and forms synergies with the group's global growth plan toward 2032. In the electronics manufacturing segment, Panasonic showcased the NPM-GW series products at this year's CIIE, which can accommodate PCB boards up to 1,500 millimeters in length and 10 kilograms in maximum load. In the automotive manufacturing field, Panasonic is promoting the deployment of intelligent welding robots in industries such as new energy vehicles and large equipment manufacturing. In terms of production capacity layout, Panasonic's Suzhou Production Technology Phase II factory, built with an investment of 240 million yuan, will be completed in 2025, doubling overall production capacity upon operation; Tangshan Panasonic's revenue target for fiscal year 2026 is expected to reach 2 billion yuan. In the AI infrastructure segment, Panasonic plans to double the global total production capacity of MEGTRON high-performance multilayer substrate materials by 2030, with cumulative investment of approximately 2.2 billion yuan in its two major production bases in Guangzhou and Suzhou. Among them, the Phase I project of the new Suzhou electronic materials factory is expected to enter official mass production in December 2026, and the Phase II project is planned to commence production in August 2028. Such high-performance substrate materials are mainly supplied for use in AI servers, high-speed communication equipment, and other fields.