EGN NEWS DESK
Japan will hand out extra subsidies for electric-vehicle (EV) battery manufacturing, pledging as a lot as $2.4 billion in help for associated tasks by Toyota and different main firms, because it seeks to strengthen its battery provide chain.
The authorities will help 12 tasks for storage batteries or these for his or her elements, supplies or manufacturing gear by as much as ¥350 billion ($2.44 billion), Minister of Economy, Trade and Industry Ken Saito informed reporters.
“We hope that these efforts will strengthen Japan’s storage battery provide chain and the storage battery business’s competitiveness,” Saito mentioned.
