# AUX and Panasonic sign $302M compressor deal

AUX Air Conditioner and Panasonic Wanbao Appliances Compressor signed a strategic cooperation agreement for air conditioner compressors, with an initial investment exceeding CNY 2.2 billion (approximately $302 million). The project aims to build an integrated industrial chain for AUX.

- Type: Partnership
- Announced: 2023-11-02
- Where: AUX Group headquarters, China
- Value: $302.0M (2.20B CNY)
- Status: announced
- Products: air conditioner compressors
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [AUX Air Conditioner Co., Ltd.](https://endata.com/companies/73576.md) (partner)
- [Panasonic Wanbao Appliances Compressor (Guangzhou) Co., Ltd.](https://endata.com/companies/73577.md) (partner)

## Sources

- [auxair.com](https://www.auxair.com/global/new-events/40289f108e5ea378018e5ebe10650452.html), 2023-11-08: "This cooperation focuses on the field of air conditioner compressors, with an initial investment exceeding CNY2.2 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.