(Yicai Global) May 10 -- Chinese photovoltaic firm GS-Solar is planning to purchase a majority  stake in Japanese conglomerate Panasonic's Malaysian solar cell and  module assembly plant in Malaysia to manufacture more powerful solar  panels. 

GS-Solar and Panasonic  will set up a joint venture to develop the technology of the  heterojunction with intrinsic thin layer solar cell, Sina Finance  reported, citing the Osaka-based firm. GS-Solar will own 90 percent of  the JV's equity, and the Japanese partner will have the rest. The report  did not disclose the size of funding. 

Fujian province-based  GS-Solar will integrate Panasonic's cutting-edge production systems to  promote the high-efficiency HIT technology, the report said. The deal  marks the start of GS-Solar's expansion and the global advancement of the technology, it added.

Editor: Emmi Laine