What does Sanyo Japan do? Why did it merge with Panasonic

Authoritative Answer:Sanyo Japan is a famous electrical appliance manufacturing company in Japan. It is ranked after, Calendar, Panasonic, Sony and Sharp. In the white goods (household appliances) industry, washing machines, refrigerators have a high share. The others are the largest manufacturer of lithium batteries in Japan. And it is also a strategic partner of Haier. However, the company's financial situation was poor due to blind expansion coupled with Japan's economic downturn. Panasonic in order to the next company's development direction, because the demand for lithium batteries is geometric growth. Therefore, it wanted to consolidate resources to expand Sanyo's battery production. At the same time, Sanyo's development was hampered by the lack of capital investment, so the merger was a mutual benefit. Sanyo's brand will remain unchanged and it will become a holding company of Panasonic.