Subaru (OTC:FUJHY) CEO Atsushi Osaki told reporters at a roundtable meeting in Tokyo on Wednesday that the automaker is still considering where in the United States it will produce EVs. that the company is actively deliberating on the location in the United States where it intends to manufacture electric vehicles (EVs). Notably, the state of Indiana seems to be emerging as the frontrunner for Subaru, given that the automaker already possesses a manufacturing facility in Lafayette where it has been producing Legacy and Outback models.
"The time to make a decision is coming close," Osaki emphasized.
He further mentioned his recent meeting with Indiana Governor Eric Holcomb during his visit to Japan earlier this month, though specific details regarding the conversation, such as potential additional investments by Subaru, were not disclosed.
During Governor Holcomb's trip to Japan, he also made a visit to Gunma, the prefecture located north of Tokyo, which houses Subaru's primary domestic facility. Additionally, he held separate meetings with executives from Toyota (NYSE:TM) and Honda (NYSE:HMC) Motor, both of which operate manufacturing plants in Indiana.
Subaru, a company renowned for its strong dependence on the North American market, announced in August its ambitious plan to broaden its electric vehicle (EV) offerings. Their goal is to introduce a total of eight battery-powered models into their lineup by the conclusion of 2028.
To achieve this goal, Subaru has already commenced production of its inaugural mass-produced EV, the Solterra, at Toyota's Motomachi plant. Additionally, the company is set to unveil three new EV models by the conclusion of 2026 and an additional four by the end of 2028.