Subaru and Panasonic Energy Start Talks to Build Medium- to Long-term Partnership for Supply of Automotive Cylindrical Li-ion Batteries

1 August 2023

Subaru Corporation and Panasonic Energy Co., Ltd.  today announced that they have started talks to build a for battery electric vehicles and automotive batteries in a rapidly expanding market.

Subaru and Panasonic Energy will hold discussions with a view to Panasonic Energy supplying
Subaru with next-generation automotive cylindrical lithium-ion batteries, and Subaru installing
batteries purchased from Panasonic Energy in BEVs to be produced from the latter half of the
2020s at its sites, including a dedicated BEV plant scheduled to be constructed in Gunma, Japan.

Subaru is accelerating its electrification and other initiatives by setting a roadmap toward 2050,
with the aim of contributing to the realization of a carbon-neutral society. Panasonic Energy will
work to achieve this goal as a partner by supplying its high-quality, high-performance cylindrical
lithium-ion batteries, which have had a successful track record in the market for years.

Through the establishment of this partnership, Subaru and Panasonic Energy will contribute to
the development of the automotive and battery industries and will help solve social issues, such
as maintaining employment in the region and developing human resources.