Subaru Corporation and Panasonic Energy announced that they have started talks to build a medium- to long-term partnership to meet demand for battery electric vehicles and automotive batteries.
According to the brief press release, the two partners will talk about Panasonic's next-generation automotive cylindrical lithium-ion batteries, whichwould use in its upcoming all-electric models in the second half of the this decade. Specifically, the batteries would be used at the upcoming, dedicated BEV plant, which will be constructed in Gunma, Japan.
"Subaru and Panasonic Energy will hold discussions with a view to Panasonic Energy supplying Subaru with next-generation automotive cylindrical lithium-ion batteries, and Subaru installing batteries purchased from Panasonic Energy in BEVs to be produced from the latter half of the 2020s at its sites, including a dedicated BEV plant scheduled to be constructed in Gunma, Japan.
We will see whether there will be more similar deals in the future, but overall, it's a good sign indicating some new investments and expansion. Tesla also is a potential customer for Panasonic 4680-type cylindrical cells, but due to the Inflation Reduction Act of 2022 , eventual volume production for Tesla, most likely, will be located in North America. Logistics is another reason.
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Source: Reuters - 🏆 2. / 97 Read more »