# Panasonic and Yanmar to form JV for gas heat pump AC development

Panasonic and Yanmar Energy Systems agreed to establish a joint venture by April 2025 to develop and manufacture gas heat pump air conditioner outdoor units. The JV will be based in Gunma, Japan, with capital of 90 million yen (Panasonic 51%, Yanmar 49%).

- Type: Partnership
- Announced: 2024-08-30
- Where: Gunma Prefecture, Japan
- Value: $600K (90.0M JPY)
- Status: announced
- Products: gas heat pump air conditioner outdoor units
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Panasonic](https://endata.com/companies/1026.md)
- [Yanmar Energy Systems](https://endata.com/companies/66976.md) (partner)

## Sources

- [news.panasonic.com](https://news.panasonic.com/jp/press/jn240830-2), 2024-08-30: "今回新たに、2025年4月を目処として、GHP室外機の開発と製造に関する合弁会社を設立することで合意しました。"
- [coolingpost.com](https://www.coolingpost.com/world-news/panasonic-and-yanmar-to-form-gas-heat-pump-jv/), 2024-08-31: "The joint venture will bring together the strengths of both companies – Panasonic’s refrigerant technology and Yanmar’s engine technology."

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