Japan is intensifying its efforts to bolster electric vehicle (EV) battery production with an investment of $2.4 billion in subsidies to strengthen the nation’s battery supply chain. The government has earmarked support for 12 projects focusing on storage batteries and related components, aiming to expand Japan’s annual battery production capacity by 50% to 120 gigawatt-hours (GWh), up from the current 80 GWh.
Minister of Economy, Trade and Industry, Ken Saito, emphasised that this initiative is designed to improve Japan’s battery industry’s global competitiveness. Major automotive and battery manufacturers, including Toyota, Nissan, Panasonic, Subaru, and Mazda, are involved in these efforts, which reflect Japan’s strategic push to increase domestic battery production.