Frontier Lithium announced that it has signed a Memorandum of Understanding (MoU) with Panasonic Energy and Mitsubishi Corporation to explore potential collaboration in developing the North American battery supply chain. Under the agreement, Panasonic Energy has expressed interest in procuring lithium hydroxide from the PAK Lithium Project in Ontario, Canada. The project, which is being advanced through a joint venture between Frontier and Mitsubishi, plans to develop an upstream lithium mine and mill as well as a downstream lithium conversion facility. The project is expected to begin producing approximately 20,000 tonnes of battery-grade lithium salts annually starting in 2030.

Panasonic has launched a new home fuel cell system for detached houses, designed to boost solar self-consumption through HEMS‑based smart scheduling. The unit generates electricity and heat from gas, supports demand response, and can supply emergency power during outages.

Japan's Panasonic Corporation stated on December 26 that some commercial air conditioning products had issues with falsified performance data. The company noted that the actual performance of 668 air conditioning units sold from 2012 to 2024 did not meet the indicated values. Furthermore, among the 2,305 air conditioners sold by the end of 2024, in addition to the confirmed 668 units, the remaining 1,637 units might also have similar issues. The investigation to confirm these problems is expected to continue until April 2025 at the latest.

Panasonic Corporation of Japan announced a restructuring plan, deciding to dissolve its home electronics company and shift its center to high-profit areas such as artificial intelligence, data centers, and others. This move triggered a significant rise in its stock price. CEO Yuki Kusumi stated that the company is expected to abandon its traditional television business in the future and make a series of adjustments to its existing operations. According to the statement, Panasonic will be reorganized into multiple subsidiaries, including Smart Living, Air Conditioning and Food Delivery, and Electrical Engineering companies.

[Panasonic Home Appliance China and Alibaba Cloud Reach AI Cooperation Agreement] On May 30, Panasonic Home Appliance (China) Co., Ltd. and Alibaba Cloud officially announced the signing of an AI cooperation agreement. The two parties will jointly explore the creation of AI agents tailored for the vertical field of home appliances, cultivate AI application technology talents, and promote the globalization process of the home appliance industry.

[Breaking News! Lithium Battery Giant Shuts Down ESS Business!] Panasonic, a global lithium battery giant, has announced plans to shut down its solar and energy storage system (ESS) business unit. The company has been producing solar modules, inverters, and batteries for the residential market for over 25 years and was once a major solar supplier to SolarCity/Tesla dealers.