Mazda Secures Cylindrical EV Battery Supply Deal with Panasonic
The agreement marks a significant milestone in Mazda's electric vehicle strategy and strengthens Panasonic's position in the global EV battery market.
- Mazda and Panasonic have finalized a deal for the supply of cylindrical automotive lithium-ion batteries, marking a significant step in Mazda's EV strategy.
- The agreement follows nine months of discussions and is part of a broader effort to secure advanced battery technology for Mazda's electric vehicles.
- Panasonic, a major player in the EV battery market, aims to supply its high-capacity 4680-type cylindrical cells to Mazda, potentially boosting the automaker's EV offerings.
- Subaru has also reached a similar agreement with Panasonic, indicating a growing interest in Panasonic's battery technology among automakers.
- The deals with Mazda and Subaru are expected to strengthen Panasonic's position in the global EV battery market, where it already produces about 8% of the world's EV batteries.
CNA 