Subaru TYO: 7270 producent samochodów i części do samolotów

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Subaru recalls 271,000 U.S. vehicles for fire risks, urges drivers to park outside

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TOKYO (Reuters) - Japanese automaker Subaru (OTC:FUJHY) Corp laid out targets for selling and making battery electric vehicles (EVs) on Thursday, aiming for global sales of 200,000 units a year by around 2026 as it seeks to tap into the growing EV market.

The company, known for its Outback crossover and heavy dependence on the North American market, said it will target annual production capacity of battery EVs of 400,000 units by 2028.

Half of that capacity will come from a mixed-production line of gasoline and electric vehicles where the company plans to kick off battery EV production from its own line around 2025, said Atsushi Osaki, a Subaru executive vice president who is set to take over as the company's chief executive in June.

The remaining half will come from a dedicated EV production line at a new factory which the company announced last year.

"We're hoping to build a production system where the output ratio of battery EVs, hybrids and gasoline cars can be flexibly changed while paying close attention to regulations and market trends," said Osaki.

Subaru has long had a strong presence in the United States, which accounted for almost 70% of its total global vehicle sales of 852,000 units in the financial year that ended March 31.

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Tokyo, May 12 (Jiji Press)--Subaru Corp. said Thursday it plans to release three more electric SUV models by 2026 in addition to the Solterra, which is already on sale.
The Japanese automaker aims to sell 200,000 EVs globally in 2026, with a focus on the U.S. market. The Solterra was co-developed with Toyota Motor Corp.
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Nissan, Subaru Enjoy Profit Rises in FY 2022
Tokyo, May 11 (Jiji Press)--Japanese automakers Nissan Motor Co. and Subaru Corp. enjoyed sales and net profit rises in fiscal 2022, according to their earnings reports released Thursday.
In the year that ended in March, Nissan's consolidated sales grew 25.8 pct from the previous year to 10,596.6 billion yen. Its net profit rose 3.0 pct to 221.9 billion yen.

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On Wednesday, Subaru made an announcement outlining their ambitious goal of achieving annual sales of 600,000 battery electric vehicles (BEVs) by the year 2030. This impressive target is set to account for 50% of the company's total global sales volume.

The company said it would aim to sell 400,000 battery EVs in the United States in 2028, and expand its battery-powered lineup to eight models by the end of that year.

The company also plans to invest around $10.5 billion into electric vehicles by the start of the next decade.

"The coming five years to 2028 are a really important period for us to realize those goals," said Subaru CEO, Atsushi Osaki.

The company had previously aimed to have BEVs and hybrids make up two fifths of global sales by 2030.

Subaru currently builds its first mass-produced EV, known as the Solterra, at Toyota 's Motomachi facility. The company has plans to unveil three additional EV models by the end of 2026, followed by an additional four models in 2028.

Subaru, a fifth owned by Toyota Motor Corporation (NYSE:TM), is anticipated to kick off battery EV production in the United States around 2027 or 2028, Osaki said, a move aligned with the growing trend of U.S. consumers rapidly transitioning to electric vehicles.