{"id":15176,"date":"2022-05-19T07:10:05","date_gmt":"2022-05-19T07:10:05","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/japans-subaru-to-build-its-first-electric-vehicle-factory"},"modified":"2022-05-19T07:41:20","modified_gmt":"2022-05-19T07:41:20","slug":"japans-subaru-to-build-its-first-electric-vehicle-factory","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/japans-subaru-to-build-its-first-electric-vehicle-factory","title":{"rendered":"Japan\u2019s Subaru to build its first electric vehicle factory"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>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.<\/p>\n

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

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.<\/p>\n

The move would be a first for Subaru. Other Japanese automakers have yet to formally announce plans to build a dedicated EV factory. Japan\u2019s automakers are accelerating their EV production in an attempt to recover ground lost to Tesla Inc (TSLA.<\/p>\n

O), now the leader in the fastest growing segment of the auto industry. \u201cThe market for EVs has been changing very rapidly over the past year,\u201d said Subaru CEO Tomomi Nakamura. It plans to invest 250 billion yen ($1.93 billion) over the next five years to bolster electrification.<\/p>\n

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.<\/p>\n

T) 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.<\/p>\n

Subaru, however, outsourced the car\u2019s production to Toyota, which has also just rolled out its first battery electric car. read more Separately, Subaru reported a 12% drop in full-year operating profit to 90.45 billion yen ($701 million). For the current financial year that began in April, it forecast operating profit of 200 billion yen, more than double the year just ended.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. 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. Subaru, known for its Outback crossover, has long had a strong […]<\/p>\n","protected":false},"author":84,"featured_media":15175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9,16],"tags":[233,245,1419,241],"class_list":["post-15176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","category-twitter","tag-africa-press","tag-africa-press-mauritius","tag-japan","tag-mauritius"],"yoast_head":"\nJapan\u2019s Subaru to build its first electric vehicle factory - Mauritius<\/title>\n<meta name=\"description\" content=\"T) aims to build a dedicated electric vehicle (EV) factory in Japan in the late 2020s, it said on Thursday, as part of a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/japans-subaru-to-build-its-first-electric-vehicle-factory\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan\u2019s Subaru to build its first electric vehicle factory\" \/>\n<meta property=\"og:description\" content=\"T) aims to build a dedicated electric vehicle (EV) factory in Japan in the late 2020s, it said on Thursday, as part of a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/japans-subaru-to-build-its-first-electric-vehicle-factory\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-19T07:10:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-19T07:41:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2022\/05\/postQueueImg_7-6285f4891f662.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"942\" \/>\n\t<meta property=\"og:image:height\" content=\"552\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/japans-subaru-to-build-its-first-electric-vehicle-factory#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/japans-subaru-to-build-its-first-electric-vehicle-factory\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Japan\u2019s Subaru to build its first electric vehicle factory\",\"datePublished\":\"2022-05-19T07:10:05+00:00\",\"dateModified\":\"2022-05-19T07:41:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/japans-subaru-to-build-its-first-electric-vehicle-factory\"},\"wordCount\":331,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/japans-subaru-to-build-its-first-electric-vehicle-factory#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2022\/05\/postQueueImg_7-6285f4891f662.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Japan\",\"Mauritius\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/japans-subaru-to-build-its-first-electric-vehicle-factory#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/japans-subaru-to-build-its-first-electric-vehicle-factory\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/japans-subaru-to-build-its-first-electric-vehicle-factory\",\"name\":\"Japan\u2019s Subaru to build its first electric vehicle factory - 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