Japan's Panasonic has announced its plan to market solar batteries in China, meaning more fierce competition ahead for China's domestic enterprises, according to People's Daily.com.
Considering the possibility that sales of consumable electronic products will decline, Panasonic plans to gradually increase the proportion of eco-friendly products to 30% of the total sales volume after the acquisition of Sanyo Electric, a leading solar batteries and lithium cells manufacturer.
Other electronic product giants including Sony and Samsung also released similar plans to invest in eco-friendly products, which will press Panasonic to put solar batteries on the Chinese market as soon as possible, the report said.
It has been widely accepted that solar batteries, on behalf of the promising photovoltaic industry, is a promising new energy high-tech product.
Zhou Tao, researcher of Great Wall Securities was quoted as saying there was the threat of overcapacity in the new energy sector.
The market entry of foreign household appliance enterprises will also add significant pressure on Chinese enterprises, the report added.
Suntech Power Holdings is currently the largest domestic solar battery manufacturer in China, which owns 1,000 megawatt capability. Another domestic high-tech leading group is BYD, which also plans to build a 5,000 megawatt capability solar battery production line in Shanxi province from 2009 to 2015.