Panasonic Electronics, also known as the legendary panasonic.

This Japanese multinational company has more than 230 branches around the world, with a total employee number of more than 290,000. Among them, there are more than 50,000 formal employees in China. In 2001, the company's annual sales totaled more than 61 billion US dollars, ranking 26th among the world's top 500 manufacturing industries.

This company is similar to Toyota, and for Japan, it is almost synonymous with an era.

Why say it's almost done?

Because Toyota is still strong in the global automobile market, Panasonic Electronics has already gone downhill.

In 1918, Konosuke Matsushita founded this legendary company. Over the past few decades, it developed brand products involving home appliances, digital audio-visual electronics, office products, aviation and other fields, thus becoming famous all over the world.

This corporate brand once leaped into the top 500 brands in the world. At its glory, it was famous all over the world for its electronics industry and became the representative label of Japan by the people.

But in recent years, this multinational company has been a bit miserable.

First, it was to cooperate with its strategic layout in the battery business to acquire Sanyo Mechanical and Electrical. Later, due to the merger and acquisition problems, the profit and loss collapsed, and it dropped from an expected profit of 50 billion yen to a loss of more than 700 billion yen.

Due to the serious losses, major credit rating agencies around the world lowered Panasonic's rating by two levels to bb. That is, the legendary junk level. This adjustment of credit rating is quite unfavorable to Panasonic's development.

Then, there are frequent problems such as quality and misleading consumers, which have led to the reputation and reputation accumulated by this "quasi-century" company being gradually dragged down.

If it weren't for some of the previous main businesses, and Panasonic's targeting battery sector, it could be said to be a traditional or innovative business segment, the Panasonic brand would have disappeared from historical occasions.

Panasonic's first fall in love with the battery motor. Acquiring Sanyo Motors, an equally powerful company, can reveal its ambitions.

Although Panasonic's other businesses have been doing well in recent years, or in other words, Panasonic has made great achievements in the battery sector that has invested huge resources.

Whether it is the rechargeable battery commonly used in small Japanese appliances, the ups battery used for large servers, or mobile phone batteries, or even the car battery that is currently being hyped up, Panasonic's products can be said to be firmly on the upstream among a number of competitive products.

Especially in automotive batteries, Panasonic's main development direction is currently and in the future.

As a newly developed business segment with the highest premium capability and the broadest development, automotive batteries and electric vehicle power solutions have become an indispensable link for Panasonic to get out of the predicament and even return to glory.

Sending an olive branch to Toyota to jointly explore the Chinese market is an important step for Panasonic to return to its peak and restore the company's decline.

In fact, Toyota is not the first to enter the electric vehicle field.

The first company invested by Panasonic Group is Tsl. But now Tsl still has the potential to fall. If you want to find a target in this field that can help Panasonic, a rocket that has fallen, then Toyota, which has the same origin and roots, will become the best choice.

In fact, the two companies have always had in-depth cooperation. However, because Toyota's philosophy of new energy vehicles has been stubbornly developing in the direction of hydrogen fuel, Panasonic, which has been working hard on automobile batteries and charging technology, has never been able to pee in a pot.

However, as TSL repeatedly retreated in the Chinese market, the world's largest electric vehicle market, and Toyota's electric unit led by Toyota Chiakashi, has made Panasonic realize a new way out.

Japan, within an exquisite villa near Tokyo.

Toyota Akio, the helmsman of Toyota Group, and Panasonic Electronics Co., Ltd.

The largest shareholder, and the essentially in charge of the board of directors, Yuki Kui, sat opposite the seat, tasting tea and discussing matters.

Toyota and Panasonic were actually similar when they were founded. Toyota Kiichiro and Matsushita Konosuke founded and developed the company. However, as the company grew bigger and bigger, the equity became more and more dispersed. Toyota was better, and the Toyota family also controlled nearly ten percent of the total shares of this behemoth in the automotive industry.

However, Panasonic Group has now completed the control relationship between the descendants of Konosuke Matsushita and the group. This change has been reflected from the early English mark of Panasonic from "national" to "panasonic".

"Toyota, my incompetent grandson has talked to me many times. Qianxia, ​​the Toyota generation. Qianxia Jiang's ability and his business mind have made that boy Iyan admire very much."

Yuki of Gujing put down the tea bowl, laughed and said.

Akio Toyoda's heavy eyebrows shook, "Oh? No wonder, Qianxia has indeed made great achievements in the Chinese market at present. This is much more conspicuous than her brothers who only know how to work hard. Iyano is also very capable, right? I heard that the company he founded in the United States is also well run?"

Yuki Koi nodded complacently, "The young people today are different from ours at that time. They have many new ideas, new ways of living and doing business. But in my opinion, that boy Iyan is not only a bit too flamboyant, but also a good kid. Toyota, you and I are also old acquaintances. I think that two children are in contact with each other. I am not as good as that. Iyan is now leading the commercial application development of electric vehicle fast charging and battery technology. At this point, I think he and Qianxia have a very common language."

Akio Toyoda smiled, paused slightly, and said, "But that child Qianxia is difficult to get in touch. Since I went to college, I haven't heard of any boy she can get along with."

Seeing that Akio Toyoda had no opinions on business matters, he turned to Toyota Chiaki's private life. Yukio Koi smiled secretly, and the smile on his face became even better.

"Hey, Toyota, young people. I said just now that they have their own ideas and lifestyles. Although I am already an old man, I am not that kind of stubborn and can't do things that are wrong. What I mean is to let them get in touch. If two children see each other right, Panasonic and Toyota, you and me will go a step further in their relationship beyond business and personal relationships, isn't it a good thing?"

Toyoda Akio picked up the tea bowl and covered his face with his wide sleeves in the kimono.

His eyes were very changed, and he quickly made a measurement. Thinking of the cooperation plans and concessions proposed by Yuki Koi before, a smile appeared on his face.

"Okay. Now that Qianxia is planning a basic charging base station network in the Chinese market, I probably don't have time to return to Japan. Then, let Jingyan go to China for a look."

Yuki Koi was delighted and picked up the tea bowl.

The two old foxes looked at each other and smiled.
Chapter completed!