Electric Vehicle

Subaru & Panasonic ink deal for automotive lithium-ion batteries

Tokyo and Osaka, Japan, March 19, 2024 – Subaru Corporation and Panasonic Energy Co., Ltd., formerly part of a Panasonic Group Company announced they have signed a basic cooperative agreement covering the supply of cylindrical automotive lithium-ion batteries. The partnership aims to enhance the development, production, and sales of such batteries, as well as to expand their application in electric vehicles.

In July 2023, the two companies commenced discussions aimed at building a medium- to longterm partnership to serve the growing market for battery electric vehicles (BEVs) and automotive batteries, discussions which have now resulted in the signing of this basic agreement.

Through this agreement, both companies reaffirm their commitment to contributing jointly to the resolution of various societal challenges, such as achieving a carbon-neutral society, promoting sustainable growth within the automotive and battery sectors, supporting local employment, and developing human resources.

Details regarding specific projects considered for collaboration will communicated at the appropriate time.

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