Panasonic's Masaharu Nakayama: Establishing Three Major Business Areas in China — AI Infrastructure, Advanced Manufacturing, and Healthy Smart Living Spaces

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November 6 news: The 9th China International Import Expo (hereinafter referred to as the "CIIE") was held in Shanghai from November 5 to 10. Masaharu Nakayama, Executive Officer of Panasonic Holdings Corporation and Group Chief Representative for China and Northeast Asia, stated that, inheriting Panasonic Group's growth strategy and based on the new stage of China's "15th Five-Year Plan" development, Panasonic has established three major business areas in China: AI infrastructure, advanced manufacturing, and healthy intelligent living spaces, precisely responding to the three major contemporary issues of cultivating new development momentum, high-quality development of manufacturing, and improving the quality of domestic demand, and helping China's economy achieve high-quality development.

Regarding his feelings about participating in the CIIE and future plans for the Chinese market, Sina Finance spoke with Masaharu Nakayama, Executive Officer of Panasonic Holdings Corporation and Group Chief Representative for China and Northeast Asia. He stated that Panasonic positions the CIIE as an important strategic platform; it is not only a stage for product display, but also a platform for Panasonic to demonstrate its long-term commitment to deeply cultivating the Chinese market, discover new business opportunities, and facilitate collaborative co-creation with partners.

"Since the first edition in 2018, Panasonic has exhibited for nine consecutive years. Over these nine years, the greatest value Panasonic has gained is the ability to directly capture changes in the Chinese market and customer needs, and to apply these insights to product development and business strategy; at the same time, we have continuously established and deepened bonds of trust with customers and partners," said Masaharu Nakayama. He noted that the role of the CIIE has now upgraded from an initial window for displaying products and technologies to a platform for strategic dialogue and value co-creation.

As China enters the new stage of "15th Five-Year Plan" development, what new plans does Panasonic have for the Chinese market? Masaharu Nakayama stated that, in response to the three core issues that Chinese society is focusing on: cultivating new development momentum, high-quality development of manufacturing, and improving the quality of domestic demand, Panasonic will focus on the three major business areas of AI infrastructure, advanced manufacturing, and healthy intelligent living spaces, and make every effort to help China's economy achieve high-quality development.

He introduced key projects Panasonic is advancing in the Chinese market. For example, in response to strong market demand for AI infrastructure, the company plans to double global production capacity of high-performance multilayer substrate material MEGTRON by 2030, with additional investment of approximately 2.2 billion yuan in its two major bases in Guangzhou and Suzhou; the first phase of the new Suzhou electronic materials plant will start mass production in December, and on October 30 it was announced that investment would be increased to build a second-phase plant, expected to begin production in August 2028. In the field of advanced manufacturing, Suzhou Panasonic Production Technology Co., Ltd. has invested 240 million yuan, and the project has now been completed, with production capacity of its core equipment, the NPM-GW modular placement machine, doubled. In the field of healthy intelligent living spaces, together with strategic partners, it is building a sustainable all-age healthy international community in Tongzhou, Beijing; the project integrates residential, commercial, and health services and is planned to launch in 2027.

Masaharu Nakayama stated that in the future he hopes to make China a "source of global competitiveness" driving the group's future development. (Liu Lili) news_keyword_pub,stock, iframe below main text iframe below main text General statement General statement QR code at end start QR code at end start

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