According to foreign media reports, several leading Japanese car companies have cooperated with the Japanese government to develop solid-state batteries. The new project also cooperates with companies such as ConsorTIum for Lithium Ion Battery Technology and EvaluaTIon Center (LIBTEC), Toyota, and Panasonic.
To support the project, the Ministry of Economy, Trade and Industry will provide 1.6 billion yen (about 14 million US dollars) for Libtec. The members of the organization include: Asahi Kasei, East Toray Industries. In addition, Toyota, Nissan, Honda, Panasonic and GS Yuasa also participated.
Toyota has been working on solid-state battery technology and has not yet advanced to the commercial stage. The project aims to accelerate the commercialization of solid-state lithium-ion batteries by leveraging the expertise of members within LIBTEC.
The core objectives of the project include: improving battery performance and establishing safety standards for new batteries.
LIBTEC hopes to develop a solid-state battery that is expected to double the range of electric vehicles in 2030, from the current 400 kilometers (about 249 miles) to 800 kilometers (about 497 miles). It is estimated that the agency plans to increase the range of electric vehicles to 550 kilometers (about 342 miles) by 2025.
In 2013, Japanese companies accounted for 70% of the global automotive battery market, but today their dominant position has been challenged by China and South Korea. In 2016, the share of Chinese companies in the global automotive battery market jumped from 3% in 2013 to 26%, while the share of Japanese companies shrank to 41%.
Japan is eager to regain market dominance by setting solid-state battery standards.
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