Panasonic Energy and Mazda to Enter into Discussions to Establish Medium- to Long-term Partnership for Supply of Automotive Cylindrical Lithium-ion Batteries
Mazda, a Japanese automotive manufacturer, will enter “concrete discussions” with Panasonic to supply Mazda with Lithium-Ion batteries manufactured at the company’s plants in Japan and North America. Lithium-ion batteries are one of the leading segments in energy storage systems, with a large potential for growth in the next five years due to surging innovation and compatibility. In November 2022, Mazda announced that it was planning to electrify all of its vehicles by 2030. This move will possibly bring Mazda one step closer to ramping up EV production.
The Japanese government has announced an increase in support of up to $2.2 billion for domestic battery production. The automaker is working on electrification projects with a variety of partners, including the development of motors, inverters, and other equipment. As the automotive industry advances electrification and leads in this technology, Panasonic’s collaboration with Mazda will be a significant step forward.