Panasonic, Subaru expected to announce EV battery plan - Nikkei

FILE PHOTO: A logo of Panasonic Corp is pictured at the Combined Exhibition of Advanced Technologies at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo

TOKYO (Reuters) -Japan's Panasonic Holdings and automaker Subaru are expected to announce plans for an electric vehicle battery partnership soon, the Nikkei newspaper reported on Friday, days before both will report first-quarter earnings.

Panasonic, which supplies almost all of its EV batteries to Tesla, is seeking to increase global market as Chinese and South Korean competitors grow their presence, the Nikkei said. It did not provide any source for its report.