Though Panasonic was known as a brand much before, it began to be known as a company only in 2008. Panasonic is the new name of Matsushita Electric Industrial Co., Ltd.
Konosuke Matsushita started Panasonic in 1918. Twenty-three -year old Matsushita had two workers- his young wife and her 15-year old brother. Their business started with fan insulator plates. The product was reliable and cheaper than the others available in the market. By the end of the year, he had twenty employees.
The journey was not so easy for Matsushita. His business was affected by the World War, but he made a fortune out of the post-War boom. From 1945 through 1959, Panasonic began producing black-and-white TVs, washing machines, refrigerators, radios, rice cookers and home air conditioners. By 1950, the company expanded globally.
The company changed its name to Panasonic in 2008 and teamed up with Tesla in 2014. Panasonic is now a global technology leader.
Picture Credit : Google