subaru to build its first electric vehicle factory

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

Subaru, known for its Outback crossover, has long had a strong presence in the United States and on Thursday warned that its US dealers only have a record low stockpile of around 5,000 vehicles left, reflecting the squeeze of a supply-chain crunch.

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.

Japan’s automakers are accelerating their EV production in an attempt to recover ground lost to Tesla Inc, now the leader in the fastest growing segment of the auto industry.

“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 (RM8.5bil) 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 cars.

The announcement came on the same day that Subaru began accepting orders for its first mass-produced EV, the Solterra, developed jointly with Toyota in Japan. Subaru, however, outsourced the car’s production to Toyota, which has also just rolled out its first battery electric car – the

bZ4x.

Separately, Subaru reported a 12% drop in full-year operating profit to 90.45 billion yen (RM3bil). For the current financial year that began in April, it forecast operating profit of 200 billion yen (RM6.8bil), more than double the year just ended.

Keyword: Subaru to build its first electric vehicle factory

CAR'S NEWS RELATED

Subaru Completes The Forester's Transformation Into An SUV

Image: Subaru Subaru finally showed the 2025 Forester at this year’s LA Auto Show. While it’s the sixth generation and wears an all new face, it’s like seeing a friend who’s had some plastic surgery work done: something is off, but something is so familiar. Image: Subaru One thing ...

View more: Subaru Completes The Forester's Transformation Into An SUV

Subaru Unveils Major Update for 2025 Forester

Subaru’s 2025 Forester made waves at the Los Angeles Auto Show, revealing a significant update that drew attention, not just for its enhancements but for the controversy it sparked regarding its design resemblance to other well-known off-roaders. While not an entirely new model, the Forester boasts a revamped exterior, ...

View more: Subaru Unveils Major Update for 2025 Forester

GM says CEO of commercial electric vehicle unit BrightDrop is leaving

Companies General Motors Co DETROIT, Nov 16 (Reuters) – General Motors (GM.N) confirmed on Thursday that Travis Katz, CEO of its BrightDrop electric commercial vehicle unit, is leaving the company, without elaborating on the reason for his pending departure. Katz, a longtime tech entrepreneur who joined GM in 2020 ...

View more: GM says CEO of commercial electric vehicle unit BrightDrop is leaving

Subaru to raise US plant worker wages in light of UAW deals with Detroit automakers -CEO

LOS ANGELES, Nov 16 (Reuters) – Subaru (7270.T) will raise the wages and benefits of its U.S. plant workers in light of the new labor deals finalized by the Detroit Three automakers, the Japanese automaker's CEO Atsushi Osaki told Reuters on Thursday. The amount of the raise for workers ...

View more: Subaru to raise US plant worker wages in light of UAW deals with Detroit automakers -CEO

The 2025 Subaru Forester Is A Next-Generation Four-Wheeled Duck Boot

A stiffer structure improves safety and performance, with a 180-horsepower boxer four under the hood.

View more: The 2025 Subaru Forester Is A Next-Generation Four-Wheeled Duck Boot

Project Spec C: Rally Heritage For The Road

It’s been well over a year since my initial Speedhunters Garage post, where I introduced a couple of AE86s and this – my Subaru Impreza WRX STI Spec C. Over that time a lot has happened, but an equal amount hasn’t. Life outside of cars has been very busy, trying to balance ...

View more: Project Spec C: Rally Heritage For The Road

Watt Electric Vehicle Company’s new van is made exclusively from recycled aluminum

UK startup Watt Electric Vehicle Company (WEVC) has announced an interesting new partnership today as it looks to reach production of its flagship commercial van, the eCV1. Together with the help of leading Norwegian industrial company Hydro, WEVC hopes to deliver an electric van built from recycled aluminum that ...

View more: Watt Electric Vehicle Company’s new van is made exclusively from recycled aluminum

New GWM Ora 03 goes on sale in South Africa – Official pricing and specifications

Powertrain Features Price GWM Ora 03 GT Ultra Luxury The GWM Ora 03 has finally gone on sale in the South African market, being the most affordable electric vehicle (EV) in the country at a starting price of R686,950. There are four versions of the hatchback on offer split ...

View more: New GWM Ora 03 goes on sale in South Africa – Official pricing and specifications

Volkswagen plans to build electric vehicles in Mexico with an initial $750M investment

Rivian secures massive Georgia land deal for new EV plant and R2 electric vehicles

Silence’s innovative rolling battery electric vehicles get a big new upgrade

R530,000 SUVs that rival the new Chery Tiggo 7 Pro Max

This Week’s Awesomely Weird Alibaba Electric Vehicle Stays in Your House

Switzerland pulls the plug on tax breaks for electric vehicles

GM Targets 'Clean Earth Magnets' For Future Electric Vehicles

mReview: Subaru WRX GT-S Wagon 2.4 EyeSight - What's In A Name?

Subaru Teases The Redesigned 2025 Forester

$77,900 Price Tag & Initial Specs Confirmed for Subaru Solterra EV

SsangYong Signs Agreement with BYD to Develop Future Hybrid & Electric Vehicles

Ferrari says its first electric vehicle is ahead of schedule after a big step forward in Q3

OTHER CAR NEWS

; Top List in the World https://www.pinterest.com/newstopcar/pins/
Top Best Sushi Restaurants in SeoulTop Best Caribbean HoneymoonsTop Most Beautiful Islands in PeruTop Best Outdoor Grill BrandsTop Best Global Seafood RestaurantsTop Foods to Boost Your Immune SystemTop Best Foods to Fight HemorrhoidsTop Foods That Pack More Potassium Than a BananaTop Best Healthy Foods to Gain Weight FastTop Best Cosmetic Brands in the U.STop Best Destinations for Food Lovers in EuropeTop Best Foods High in Vitamin ATop Best Foods to Lower Your Blood SugarTop Best Things to Do in LouisianaTop Best Cities to Visit in New YorkTop Best Makeup Addresses In PennsylvaniaTop Reasons to Visit NorwayTop Most Beautiful Islands In The WorldTop Best Law Universities in the WorldTop Richest Sportsmen In The WorldTop Biggest Aquariums In The WorldTop Best Peruvian Restaurants In MiamiTop Best Road Trips From MiamiTop Best Places to Visit in MarylandTop Best Places to Visit in North CarolinaTop Best Electric Cars For KidsTop Best Swedish Brands in The USTop Best Skincare Brands in AmericaTop Best American Lipstick BrandsTop Michelin-starred Restaurants in MiamiTop Best Secluded Getaways From MiamiTop Best Things To Do On A Rainy Day In MiamiTop Most Instagrammable Places In MiamiTop Interesting Facts about FlorenceTop Facts About The First Roman Emperor - AugustusTop Best Japanese FoodsTop Most Beautiful Historical Sites in IsraelTop Best Places To Visit In Holy SeeTop Best Hawaiian IslandsTop Reasons to Visit PortugalTop Best Hotels In L.A. With Free Wi-FiTop Best Scenic Drives in MiamiTop Best Vegan Restaurants in BerlinTop Most Interesting Attractions In WalesTop Health Benefits of a Vegan DietTop Best Thai Restaurant in Las VegasTop Most Beautiful Forests in SwitzerlandTop Best Global Universities in GermanyTop Most Beautiful Lakes in GuyanaTop Best Things To Do in IdahoTop Things to Know Before Traveling to North MacedoniaTop Best German Sunglasses BrandsTop Highest Mountains In FranceTop Biggest Hydroelectric Plants in AmericaTop Best Spa Hotels in NYCTop The World's Scariest BridgeTop Largest Hotels In AmericaTop Most Famous Festivals in JordanTop Best European Restaurants in MunichTop Best Japanese Hiking Boot BrandsTop Best Universities in PolandTop Best Tips for Surfing the Web Safely and AnonymouslyTop Most Valuable Football Clubs in EuropeTop Highest Mountains In ColombiaTop Real-Life Characters of Texas RisingTop Best Beaches in GuatelamaTop Things About DR Congo You Should KnowTop Best Korean Reality & Variety ShowsTop Best RockstarsTop Most Beautiful Waterfalls in GermanyTop Best Fountain Pen Ink BrandsTop Best European Restaurants in ChicagoTop Best Fighter Jets in the WorldTop Best Three-Wheel MotorcyclesTop Most Beautiful Lakes in ManitobaTop Best Dive Sites in VenezuelaTop Best Websites For Art StudentsTop Best Japanese Instant Noodle BrandsTop Best Comedy Manhwa (Webtoons)Top Best Japanese Sunglasses BrandsTop Most Expensive Air Jordan SneakersTop Health Benefits of CucumberTop Famous Universities in SwedenTop Most Popular Films Starring Jo Jung-sukTop Interesting Facts about CougarsTop Best Hospitals for Hip Replacement in the USATop Most Expensive DefendersTop Health Benefits of GooseberriesTop Health Benefits of ParsnipsTop Best Foods and Drinks in LondonTop Health Benefits of Rosehip TeaTop Best Air Fryers for Low-fat CookingTop Most Asked Teacher Interview Questions with AnswersTop Best Shopping Malls in ZurichTop The Most Beautiful Botanical Gardens In L.A.Top Best Mexican Restaurants in Miami for Carb-loading rightTop Best Energy Companies in GermanyTop Best Garage HeatersTop Largest Banks in IrelandTop Leading Provider - Audit and Assurance In The USTop Best Jewelry Brands in IndiaTop Prettiest Streets in the UKTop Best Lakes to Visit in TunisiaTop Highest Mountains in Israel