The Los Angeles Post
U.S. World Business Lifestyle
Today: March 27, 2025
Today: March 27, 2025

Mazda and Panasonic's energy unit sign auto battery supply agreement

A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 in Chiba
July 02, 2024
Reuters - Reuters

TOKYO (Reuters) - Japanese automaker Mazda Motor and the energy unit of Panasonic Holdings 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 Energy started in June last year. Panasonic Energy also makes batteries for Tesla.

Mazda and Panasonic Energy 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.

Mazda and Panasonic's energy unit sign auto battery supply agreement
89th Geneva International Motor Show in Geneva

The agreement is likely to help Mazda step up production of EVs as part of a 1.5 trillion-yen ($9.9 billion) 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.

($1 = 151.4100 yen)

(Reporting by Daniel Leussink; Editing by Kim Coghill and Tom Hogue)

Related Articles

Japan auto safety scandal widens, Toyota halts some shipments Slowing EV uptake may delay Panasonic's EV battery expansion, CEO says Nissan, Mazda roll out new models for China as they aim for comeback Mazda and Panasonic's energy unit sign auto battery supply agreement
Share This

Popular

Asia|Business|Europe|Political|World

France's foreign minister is in China to discuss Ukraine and trade issues

France's foreign minister is in China to discuss Ukraine and trade issues
Asia|Business|Economy|Finance|Political|Stock Markets|US

Auto stocks slide as US tariffs spoil profit outlook

Auto stocks slide as US tariffs spoil profit outlook
Asia|Business|Economy|US|World

South Korea plans emergency response over US tariffs on autos

South Korea plans emergency response over US tariffs on autos
Asia|Business|Economy|Entertainment|Political|Travel

Thai cabinet approves draft law for casinos, with limits for local gamblers 

Thai cabinet approves draft law for casinos, with limits for local gamblers 

Asia

Asia|Economy|Political|World

Russia soon to begin to build road bridge to North Korea

Russia soon to begin to build road bridge to North Korea
Arts|Asia|Environment|World

South Koreans mourn historic temple burnt by wildfire, race to save others

South Koreans mourn historic temple burnt by wildfire, race to save others
Asia|Business|Economy|Finance|Political|US

Euro steadies even as Trump's auto tariffs keep trade war fears intact

Euro steadies even as Trump's auto tariffs keep trade war fears intact
Asia|Business|Economy|Political|Stock Markets|US

Stocks fall on Trump's auto tariffs, China bucks the trend

Stocks fall on Trump's auto tariffs, China bucks the trend