Why did Panasonic abandon Jiangsu camera manufacturing and engage in new energy battery manufacturing?

This situation is due to the consideration of market demand, future development prospects, technological innovation and environmental protection trends.

1. Changes in market demand: With the development of science and technology and changes in the market, the demand for cameras and new energy batteries is decreasing and increasing respectively, and Panasonic has adjusted its business focus to meet the market demand.

2. Future development prospects: New energy batteries are a promising field, and the market demand will continue to grow in the future. In contrast, the camera manufacturing market has become saturated and the development space is relatively small.

3. Technological innovation: New energy battery manufacturing is a high-tech industry, and Panasonic has this technical condition in this field, which can better meet the market demand and gain a competitive advantage.

4. Environmental trend: With the improvement of global environmental awareness, Panasonic, as a socially responsible enterprise, actively responds to environmental trends and increases investment in the field of new energy batteries.