Technology
Japan decided to vigorously support battery industry: Report
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.
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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.”
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.