31 Oct '13, 12pm

#Tech Honda Withdraws From Solar Cell Production

A solar panel manufactured by Honda Soltec (source: Honda) Honda Motor Co Ltd announced Oct 30, 2013, that it will close the business of Honda Soltec Co Ltd, a wholly-owned subsidiary of Honda, which produces solar cell systems, and withdraw from the production and sales of solar cells. Honda will close the business in the spring of 2014 and dissolve the subsidiary, which will stop accepting orders in mid-February 2014. Honda will continue to provide equivalent after-sales services for solar cell systems sold by the subsidiary. Honda Kaihatsu Co Ltd, which is affiliated with the Honda group, will accept requests for the services. Honda Soltec was established in 2006. Since then, it has been engaged in the development and production of "CIGS solar cells," which are compound semiconductor solar cells. It invested about ¥7 billion (approx US$71 million) in its manufacturing p...

Full article: http://techon.nikkeibp.co.jp/english/NEWS_EN/20131031/312...

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