Japan strongly supports the battery industry: it plans to share 20% of the global market by 2030

According to the plan of the Ministry of Economy, Trade and Industry, by 2030, the domestic production capacity of Japanese battery manufacturers will increase from the current 20GWh to 150GWh, the global production capacity of Japanese battery manufacturers will increase from the current 60-70GWh to 600GWh, and the global market share will increase to 20%.

Japan's Ministry of Economy, Trade and Industry (METI) said recently that Japan will target China and South Korea to develop new energy and battery industries in China and South Korea, aiming to increase its battery production capacity to 600GWh by 2030, occupying 20% of the global market share, NHK reported.

In a recent conference on battery strategy, Japan's Ministry of Economy, Trade and Industry established "enhancing international competitiveness" as the primary goal of the battery industry."Both Chinese and South Korean companies are actively investing in batteries and growing at an amazing rate, and Japan also needs to take a step forward and provide solid support."Said Japan's Minister of Economy, Trade and Industry.

According to the plan of the Ministry of Economy, Trade and Industry, by 2030, the domestic production capacity of Japanese battery manufacturers will increase from the current 20 GWh to 150 GWh, the global production capacity of Japanese battery manufacturers will increase from the current 60-70GWh to 600GWh, and the global market share will increase to 20%.In addition, the plan calls for the full commercialization of all-solid-state batteries by around 2030.

It is estimated that 600GWh is equivalent to the capacity of 8 million electric vehicles.According to the Ministry of Economy, Trade and Industry, Japanese battery manufacturers need to increase production capacity by about 10 times within eight years.