The government has designated storage batteries, including those for EVs, as “specific important materials” under the Economic Security Promotion Act, and it is expected that subsidies under the same act will be utilized for the establishment of this base.
Panasonic Holdings has positioned EV batteries as a growth area, but orders from Tesla have been declining due to the slowdown in EV demand in North America Continue reading Panasonic in final stages for establishing EV Batteries production in Japan, a collaboration with Subaru and Mazda