According to the latest report, the Ministry of Economy, Trade, and Industry of Japan hope to catch up with the new energy and battery industries of China and South Korea, hoping that the battery production capacity of Japanese manufacturers can take 20% of the global market share in 2030.
Join tip3x on Telegram
In the face of the increasingly fierce competition in the battery industry from various countries, the Minister of Economy, Trade, and Industry of Japan believes that “Chinese and Korean companies are actively investing in batteries and growing at an alarming rate. Japan also needs to take a step forward and provide solid support.”
Minister of Economy, Trade, and Industry Hagida said, “Considering the current situation of the battery market, I think this is the last chance.” He set a new target “By 2030, the battery production capacity of Japanese manufacturers will increase to 600GWh, and the global market share will increase. to 20%”, which is equivalent to the production capacity of 8 million electric vehicles, which is dozens of times the current production capacity.
Moreover, the Ministry of Economy, Trade, and Industry is also considering a subsidy system for the battery business and plans to formulate measures by this summer.
