Panasonic Holdings and Subaru are set to unveil plans for an electric vehicle battery alliance soon, just days before both companies report first-quarter profits.
Panasonic Energy’s battery unit announced in June that it aimed for 2.5 trillion yen in revenue from in-vehicle batteries in the year ending March 2031, which is 3.8 times the number for the year ending March 2023. Subaru produced 874,000 automobiles in the fiscal year 2023 and anticipates producing over a million in the fiscal year 2024. Subaru does not forecast exact production or sales statistics after that, but it does intend to sell 200,000 EVs globally by 2026.
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