This partnership is the result of discussions that began in June 2023. The details of the agreement remain under wraps.
Panasonic Energy, a subsidiary of the larger Panasonic Group and renowned for its expertise in battery manufacturing, brings to the table its considerable skills in creating high-quality lithium-ion batteries. Mazda, on the other hand, with its bold investment plan of 1.5 trillion yen ($9.9 billion) announced in late 2022, aims to ramp up the production of electric vehicles (EVs). According to Reuters, this move by Mazda is part of a broader strategy to embrace electrification.
Both companies have expressed that this partnership aims not just at commercial success but also at addressing larger societal challenges such as mitigating global warming and promoting sustainable growth within their sectors. They believe this collaboration could foster local employment and talent development, aligning with broader ecological and economic goals.
Aside from Mazda, Panasonic Energy is also pursuing discussions with Subaru about a potential battery supply partnership.
