Why is Tokyo considering storage batteries?

Tokyo is now discussing the inclusion of storage batteries in the list of materials deemed vital to ensure the country's way of life and economic growth, as they are necessary to expand the use of EVs and renewable electricity, in line with the country's goal to achieve a net-zero society by 2050.

Why are lithium-ion batteries a problem in Japan?

For that reason, only small warehouses can be set up in Japan for electrolyte and products containing it, making it difficult to establish a supply chain for lithium-ion batteries, experts said.

How much lithium does Japan need?

Japan's domestic lithium-ion battery production capacity is expected to reach 150 GWh/yr by 2030, up by around eight times from the current 20 GWh/yr, according to Meti. To achieve its goal, Japan needs to secure 100,000 t/yr of lithium, 90,000 t/yr of nickel, 150,000 t/yr of graphite, 20,000 of t/yr cobalt and 20,000 t/yr of manganese.

Which Japanese companies have a strong position in the battery industry?

Japanese companies have especially excelled in the mobility segment, with GS Yuasa, and Panasonic being able to secure a strong position despite stiff international competition. Panasonic, for instance, has been a long-term supplier of vehicle batteries for Tesla. Discover all statistics and data on Battery industry in Japan now on statista.com!

Why do Japanese companies invest in the battery industry?

The fact that some of Japan's most well-known brands internationally, such as Panasonic, and Toshiba, are heavily invested in the battery business is testament to the healthy position Japanese companies enjoy in this industry.

Which countries are developing lithium batteries?

So, the government is also considering joint development projects in Argentina and Chile, major producers of lithium, in cooperation with willing countries in Europe and the United States. In 2015, Japan had the largest share of the world market for storage batteries for automobiles, at about 50%.