Islamabad, Sep 10: In an important step toward environmentally friendly transportation, the Japanese government has given four of the country’s top automakers Nissan, Mazda, Subaru, and Toyota significant financial support to boost their manufacture of electric vehicle (EV) batteries.
The ¥326 billion (£1.7 billion) total investment is intended to bolster national efforts in the field of electric mobility. Subaru secured ¥156.4 billion (£834 million), the largest share of investment. This assistance, the business will collaborate with Panasonic to open a new plant for the production of batteries. With a projected capacity of 16 GWh per year by 2030, the facility is anticipated to begin operations in 2028 or 2029.
Even Mazda, which was given a lower ¥28.3 billion (£151 million) subsidy, intends to make use of Panasonic’s battery cells. By 2027, the carmaker anticipates employing 6.5 GWh to 10 GWh of battery cells yearly for its new electric vehicles.
Nissan was given ¥55.7 billion (£297 million) to concentrate on producing lithium-ferrous-phosphate (LFP) batteries for electric vehicles by 2028 with the goal of providing customers with more reasonably priced EV options.
