Subaru's Strategic Partnership with Panasonic Energy for EV Battery Supply

Subaru has entered into a basic cooperative agreement with Panasonic Energy to secure a supply of cylindrical automotive lithium-ion batteries, which are integral to Subaru's plan to expand its all-electric vehicle offerings These batteries, potentially including Panasonic's high-capacity 4680-type, are expected to power Subaru's future electric car models The partnership is a strategic move towards meeting Subaru's ambitious sales target in the U.S. market, aiming to escalate from sales of 8,872 all-electric units in 2021 to a substantial 400,000 units by the year 2028 Initial discussions for this collaboration commenced in July 2023, setting the stage for a robust supply chain to support Subaru's electrification goals.