On Friday (April 22) local time, Japan's Ministry of economy, industry and Technology (METI) said that Japan will "enhance international competitiveness" as the primary goal of the development of the battery industry.
METI said that by 2030, the battery capacity of Japanese manufacturers will increase by nearly 10 times to 600 gigawatt hours (GWH), accounting for 20% of the global rechargeable battery market, and realize the full commercialization of all solid-state batteries around 2030.
METI said that batteries are the key to achieving carbon neutrality in Japan by 2050, because they are the most important technologies for the electrification of cars and other mobile devices, and are also crucial for adjusting power supply and demand to promote the use of renewable energy.
METI plans to formulate the final version of the battery strategy and specific government support measures this summer.
"We will increase our support to help the Japanese battery industry regain global market share," Nobutaka Takeo, director of METI battery industry office, told the media. "In the past few years, this industry has lost market share in competition with China and South Korea."
According to METI, the share of Japanese companies in the electric vehicle battery market decreased from 40% in 2015 to 21% in 2020, and the share for energy storage system decreased from 27% in 2016 to 5% in 2020.
According to the data of techno systems research, headquartered in Tokyo, by 2021, Contemporary Amperex Technology Co.Limited(300750) had a global share of 38.6% in the field of automotive batteries, an increase of 12.6 percentage points over the previous year; LG energy solutions (lges) in Korea accounts for 18.2%.
