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Old 05-12-2022, 03:13 PM   #1
Snow Drift
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Member#: 75071
Join Date: Nov 2004
Chapter/Region: Tri-State
Location: Long Island
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AR Giulia,Tesla MY
05 08 11 WRX 18 STI 18TM3

Default Subaru to build its first EV factory in Japan

https://www.reuters.com/business/aut...ei-2022-05-12/

Quote:
Originally Posted by Reuters
TOKYO, May 12 (Reuters) - Subaru Corp (7270.T) aims to build a dedicated electric vehicle (EV) factory in Japan in the late 2020s, it said on Thursday, as part of a $1.9 billion ramp-up to respond to surging demand for battery cars in its main North American market...

It plans to launch a mixed-production line of gasoline and electric vehicles around 2025 before opening an EV-only production line in the new factory after 2027, it said. The move would be a first for Subaru. Other Japanese automakers have yet to formally announce plans to build a dedicated EV factory...

"The market for EVs has been changing very rapidly over the past year," said Subaru CEO Tomomi Nakamura.

It plans to invest 250 billion yen ($1.93 billion) over the next five years to bolster electrification.

The vehicles produced in the new factory would be exported overseas, Nakamura said, declining to reveal specifics about production capability and whether it would make Toyota Motor Corp (7203.T) cars.
It's about damn time.
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Old 05-12-2022, 03:37 PM   #2
4S-TURBO
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Join Date: Aug 2004
Chapter/Region: MAIC
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.... adjust your
pants everyone

Default

I literally just asked about this.
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