#China squeeze reshapes #Japanese #Electronics giants
The rise of homegrown #Chinese home appliance makers such as #Haier Group, #TCL Corp and #Hisense Group has hurt #Japanese #Electronics giants badly, pushing the latter into areas like high-end intelligent home appliances, business-to-business or #B2B activities, construction, #NuclearPower, housing, #Automobiles, start up incubation and Internet of vehicles.
Last year, #Panasonic and #Tesla Motors Inc, the #United States-based maker of #ElectricCars, teamed up to build #Lithium-ion battery factory in the #US. Panasonic is targeting to double sales of its car battery-related business to $6.47 billion in 2018 from the 2014 level.
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