Recently, Matsushita announced that it will completely take over Sanyo Electric. Sanyo has announced the suspension of the company’s production of thin film solar cell program, which originally planned in the production of thin film battery is scheduled for this year. Sanyo’s efforts currently focused on its original battery product efficiency and market vitality. The change in the plan: the reasons for the company’s words is due to crystalline silicon cells continue to lower prices, photovoltaic market environment of the “dramatic” change.
In the open letter, the company wrote: “Since the Sanyo Solar Sanyo Electric and Japan by the oil companies in the January 23, 2009 joint inception, the PV market had a dramatic change. In the PV power plant competitive with thin film batteries crystalline silicon cells main competitors lower costs as raw materials, finished goods prices plummeting. stimulated greatly weakened the competitive advantage of thin film batteries.
“Thus, Sanyo and Nippon Oil conclusion should stay its parent company, Sanyo Solar of production expansion plans and shifting the focus to improve the market competitiveness of the company up.”
Meanwhile the company also mentioned that the original Sanyo Solar of all employees last month to return to their respective parent companies, respectively.