Strong alliance, AUX and Panasonic sign the cooperation association
Nov. 06, 2023
On November 2, AUX Air Conditioning Co., Ltd. and Panasonic Wanbao (Guangzhou) Compressor Co., Ltd. (hereafter referred to as Panasonic) signed a cooperation agreement at the headquarters of AUX Group.
Hideji Nakamura, General Manager of Panasonic Wanbao (Guangzhou) Compressor Co., Ltd., and Ning Xin, President of AUX Home Appliance Group, signed a strategic cooperation agreement on behalf of both parties. Masaharu Michio, President of Panasonic Fresh Air Conditioning Co., Ltd., Yoshihiko Nishi, Director of Air Conditioning Parts Division of Panasonic Fresh Air Conditioning Co., Ltd., Panasonic Co., Ltd. New Air Conditioner Parts Business Department and Business Planning Department Yoji Tanaka, AUX Group Chairman Zheng Jianjiang, AUX Group Vice President Zheng Jack, AUX Home Appliance Group Vice President Gu Taunton attended and witnessed the signing.
The cooperation focuses on the field of air-conditioning compressor, the first phase investment of more than 2.2 billion yuan. This move is an important start for AUX to layout an integrated industrial chain.
After the project is completed and put into operation, AUX will further extend its business radius and expand its competitive advantages in technology & quality.From the energy advantages of whole machine design & parts development, effectively shorten the R & D cycle, so as to respond more quickly to the new needs of downstream consumers for home air conditioning products in the fields of comfort, health, energy saving, intelligence & so on, and enhance market competitiveness.
The two sides will make full use of their respective advantages and develop their respective strengths. Panasonic supports the project with leading technology in the field of compressors. AUX will give full pay to its advantages in practical application fields such as cost control, R & D efficiency, and sales model, and join forces with Panasonic to create a new benchmark for win-win cooperation between upstream & downstream.
The cooperation between AUX & Panasonic has entered a new stage, and the two companies will jointly create a broader development space in the future air conditioning market, bringing more choices and higher quality products to consumers.