In a significant push towards sustainable transportation, the Japanese government has provided substantial financial backing to four of its leading automakers — Mazda, Nissan, Subaru, and Toyota — to increase the production of electric vehicle (EV) batteries.
The total investment amounts to ¥326 billion (£1.7 billion), aimed at strengthening the country’s efforts in the electric mobility sector. Subaru received the largest share of the funding, securing ¥156.4 billion (£834 million).
With this support, the company will partner with Panasonic to establish a new battery manufacturing facility. The plant is expected to be operational between 2028 and 2029, with an annual production capacity of 16 GWh by 2030.
Mazda, which received a smaller subsidy of ¥28.3 billion (£151 million), plans to use Panasonic’s battery cells as well. The automaker is expected to start using between 6.5 GWh and 10 GWh of battery cells annually by 2027 for its new electric vehicles.
Nissan was granted ¥55.7 billion (£297 million) to focus on the production of lithium-ferrous-phosphate (LFP) batteries for electric kei cars by 2028, aiming to offer more affordable EV options for consumers.
Toyota, while keeping the exact figure undisclosed, is set to begin production of solid-state and next-generation lithium-ion batteries by 2026. These advancements will support EVs and other green technologies, including hybrids and hydrogen fuel cell vehicles.
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