On May 13, in response to some reports on the "progress of Panasonic Group's business reform", Panasonic Electric (China) Co., Ltd. issued a statement saying that there was wrong information in some media reports. Panasonic stated that the subject business does not include "industrial motors and automotive parts", and there is no plan to "exit or sell the subject business within 2025". The motor product business has a good development prospect, and discussions are underway to increase investment in research and development, services, and market expansion in the future. In addition, "personnel optimization will be implemented in March 2029" is false information, and this plan will be carried out between 2025 and 2026.