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By Reuters Staff
2 Min Read
TOKYO (Reuters) - Japan’s newly created Battery Association for Supply Chain (BASC) said on Wednesday it will seek increased government support as it aims to reinforce the industry’s global competitiveness and speed up decarbonisation.
Formed this month, the BASC’s 55 members include Nissan Motor Co Ltd, Sumitomo Metal Mining Co Ltd, Asahi Kasei Corp, Panasonic Corp and Toyotsu Lithium Corp.
“We will come up with policy recommendations that will boost global competitiveness of Japanese battery industry and help the industry’s decarbonisation,” Isao Abe, chairman of the BASC, told a news conference.
Increased support from government is needed as rivals in China, the United States and Europe receive much bigger subsidies and tax advantages, Abe said.