For the current financial year that began in April, it forecast operating profit of 200 billion yen, more than double the year just ended. But unlike other automakers who have multiple facilities scattered throughout the country and the world, such as General Motors, Ford, and Stellantis, Subaru only has two factories, in Japan and. Separately, Subaru reported a 12% drop in full-year operating profit to 90.45 billion yen ($701 million). Subaru, however, outsourced the car's production to Toyota, which has also just rolled out its first battery electric car, the bZ4X. 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. 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 cars.
It plans to invest 250 billion yen ($1.93 billion) over the next five years to bolster electrification. "The market for EVs has been changing very rapidly over the past year," said Subaru CEO Tomomi Nakamura. 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. Other Japanese automakers have yet to formally announce plans to build a dedicated EV factory. 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. dealers only have a record low stockpile of around 5,000 vehicles left, reflecting the squeeze of a supply-chain crunch.
Subaru has long had a strong presence in the United States and on Thursday warned that its U.S. 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 $1.9 billion ramp-up to respond to surging demand for battery cars in its main North American market.
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