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Japan invest $2.4 billion to boost EV Battery Production

Last Update 06 September 2024

Japan will invest $2.4 billion in Electric Vehicle (EV) Battery Production, supporting 12 projects by major companies including Toyota, Nissan, and Panasonic. The funding aims to boost Japan’s annual Storage Battery Production capacity by 50% to 120 GWh. This support follows previous subsidies and aims to enhance Japan's battery supply chain and industry competitiveness.

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2023

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