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Key Highlights
- Increased market share for Panasonic Energy: The partnership will help Panasonic Energy to expand its market share in the growing BEV market.
- Access to advanced battery technology for Mazda: Mazda will gain access to Panasonic Energy’s advanced battery technology, which will help the automaker to accelerate its own BEV rollout.
- Reduced CO2 emissions: By working together, Panasonic Energy and Mazda can help to reduce CO2 emissions and promote a more sustainable future.
JAPAN, 22 June 2023: Panasonic Energy Co Ltd and Mazda Motor Corporation have agreed to enter into discussions on establishing a medium to long-term partnership to meet demand for battery electric vehicles (BEVs) and automotive batteries in a rapidly expanding market.
Lithium-ion batteries
Under the partnership, Panasonic Energy would supply Mazda with automotive cylindrical lithium-ion batteries manufactured at Panasonic Energy’s plants in Japan and North America. Mazda would then install these batteries in BEVs scheduled to be launched in the latter half of the 2020s.
The partnership would combine Panasonic Energy’s expertise in lithium-ion battery technology with Mazda’s experience in automotive design and manufacturing. This would help both companies to accelerate their respective electrification strategies and meet the growing demand for BEVs.
Kazuo Tadanobu, President and CEO of Panasonic Energy, said, “We are excited to partner with Mazda on this important initiative. This partnership will allow us to leverage our respective strengths to accelerate the adoption of BEVs and contribute to a more sustainable future.”
Masahiro Moro, Director and Senior Managing Executive Officer of Mazda, said, “We are pleased to partner with Panasonic Energy, which is a leading supplier of lithium-ion batteries. This partnership will help us to achieve our goal of becoming a leading BEV manufacturer.”
Conclusion
The partnership between Panasonic Energy and Mazda is a significant step forward in the development of the automotive and battery industries. It is also a major boost for the global effort to combat climate change.
