Even as it has faced high demand for batteries from Tesla, Panasonic has been slower to build scale compared with rival suppliers LG Energy Solution of South Korea and China’s Contemporary Amperex Technology Co.

Dubai-based Al Dahana accused the automaker of reneging on its contractual obligations in relation to the distribution of vehicles in the region.

By 2029, just 14 percent of Toyota’s worldwide production is forecast to be full-electric, rising to 18 percent for Honda and 22 percent for Nissan, according to research released from climate think tank InfluenceMap.

The U.S.-based company operates 25 vehicles in nine cities including Arlington, Texas, and Hiroshima, Japan.

The buyback announcement comes as the top-selling automaker’s shares have taken a hit in recent months as it faces a windfall of disruptions.

Selling part of its 43 percent stake in Nissan could raise billions and ease long-standing tensions between the alliance partners.

While Tesla has led the development of the global EV market, the two giants of automaking are determined to defend their dominance.