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.
Mazda and Panasonic sign EV battery supply agreement
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.
READ MORE
Ford considers making new SUV in Valencia
Volvo says farewell to diesel engines
All the winners of the 2024 World Car Awards
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most read
Latest Videos