Posted Sunday, April 21, 2024 at 10:34pm
Subaru and Panasonic signed a basic cooperative agreement to partner on electric automotive batteries, reported InsideEVs. The deal came out of interest on Subaru’s part in Panasonic’s high-capacity cylindrical batteries, which would be used to create new electric vehicle models.
Despite coming in late to the EV game, Subaru has big electrification plans for the future of its cars. InsideEVs reports that the company plans to increase its battery electric vehicle (BEV) share to 50% by 2030, meaning an estimated 600,000 of its total expected 1.2 million new vehicles will be electric.
“If Subaru can pull this off, it will go from being almost a non-entity in the EV space to one with many more electric offerings for future customers,” InsideEVs stated, exemplifying the exciting potential of Subaru’s early-stage deal with Panasonic.
