Currently reading: Japan invests in batteries for Mazda, Nissan, Subaru and Toyota EVs

Industry titans commit to ramping up electric car production capacity in the latter half of the 2020s

The Japanese government has granted Mazda, Nissan, Subaru and Toyota a reputed ¥326 billion (£1.7bn) in subsidies to ramp up production of EV batteries.

Subaru received the largest investment, at ¥156.4bn (£834m), which will result in it building a joint-venture battery factory with Japanese electronics giant Panasonic.

This plant will open in the 2028-2029 financial year and ramp up to 16GWh of annual output by 2030. 

Mazda will also use Panasonic cells, taking between 6.5GWh

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