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Japan promotes two-pronged car electrification subsidies upstream and downstream. These Chinese manufacturers have cut into the battery supply chain._SMM

[Japan promotes car electrification subsidies upstream and downstream these Chinese manufacturers have cut into the battery supply chain] following the US government's "enhanced" electric vehicle purchase subsidy program, the Japanese government will launch a similar policy: according to the Nikkei News, in order to promote the popularity of pure electric vehicles, Japan's Ministry of Environment and the Ministry of economy, Trade and Industry plans to add 37.5 billion yen to the government budget in 2021. Sixty-seven percent of the budget (25 billion yen) will be used to double the subsidy for the purchase of pure electric vehicles, up to 800000 yen (40, 000 yuan). The plan is expected to be implemented early next year. ....

Koichi Hagiuda , Energy Company , Hangke Technology , Japan Ministry Of The Environment , Dangsheng Technology , Ningde Times , Panasonic Electric , Panasonic Battery Industry , Toyota Motor , Norwegian Hydro , Xiamen Tungsten Xineng , Jiangsu Cathay Pacific , New Zebang ,