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TOKYO (Reuters) -Japan needs over $24 billion in investment from both the public and private sectors to develop a competitive manufacturing base for batteries used in areas such as electric vehicles (EVs) and energy storage, the industry ministry said on Wednesday.
A specialist panel tasked with formulating battery strategy also set a target of securing 30,000 trained workers for battery manufacturing and supply chains by 2030, the Ministry of Economy, Trade and Industry said.
The final strategy is central to Japanese efforts to reinvigorate its battery industry as government-backed rivals from neighbouring China and South Korea expand market share in lithium-ion batteries at the expense of Japanese companies.
«The government will be in the forefront and mobilise all its measures to achieve the strategy’s goals, but we can’t achieve this goal without the efforts of the private sector,» said industry minister Yasutoshi Nishimura at the end of a panel meeting, calling for close cooperation.
