Mazda and Panasonic sign EV battery supply agreement

29 March 2024 - 10:10 By Reuters
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The agreement is likely to help Mazda step up production of EVs as part of a 1.5 trillion-yen (about R187,454,520,000) spending plan it unveiled in late 2022.
The agreement is likely to help Mazda step up production of EVs as part of a 1.5 trillion-yen (about R187,454,520,000) spending plan it unveiled in late 2022.
Image: Jared C. Tilton/Getty Images

Japanese carmaker Mazda and the energy unit of Panasonic said on Friday they have signed an automotive battery supply agreement.

The deal comes out of talks about a battery supply partnership for electric vehicles that Mazda and Panasonic started in June last year. Panasonic also makes batteries for Tesla.

Mazda and Panasonic said in a joint statement they will disclose at an appropriate time details of the partnership for the supply of cylindrical automotive lithium-ion batteries.

The agreement is likely to help Mazda step up production of EVs as part of a 1.5 trillion-yen (R187.45bn) spending plan it unveiled in late 2022.

Panasonic Energy has also been in talks with Japanese automaker Subaru to set up a separate partnership for the supply of cylindrical automotive lithium-ion batteries.


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