Japan’s New Battery Industry Group BSAC To Seek Increased Government Support: Report

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  • The BASC’s 55 members include Nissan Motor Co Ltd, Sumitomo Metal Mining Co Ltd, Asahi Kasei Corp, Panasonic Corp and Toyotsu Lithium Corp
  • The report added that Isao Abe, chairman of the BASC, told a news conference that they will will come up with policy recommendations that will boost global competitiveness of Japanese battery industry and help the industry’s decarbonisation
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Pic Source – Wallpaper Flare

As per a report by Reuters, Japan’s newly created Battery Association for Supply Chain (BASC) said that it will seek increased government support as it aims to reinforce the industry’s global competitiveness and speed up decarbonisation. The BASC’s 55 members include Nissan Motor Co Ltd, Sumitomo Metal Mining Co Ltd, Asahi Kasei Corp, Panasonic Corp and Toyotsu Lithium Corp.

The report added that Isao Abe, chairman of the BASC, told a news conference that they will will come up with policy recommendations that will boost global competitiveness of Japanese battery industry and help the industry’s decarbonisation.

Submit policy recommendations to the industry ministry by the end of July

Abe said that increased support from government is needed as rivals in China, the United States and Europe receive much bigger subsidies and tax advantages. The group plans to submit policy recommendations to the industry ministry by the end of July.These will map out measures to secure lithium, cobalt and nickel and other natural resources used in batteries to help the sector lower investment and manufacturing costs.

The report added that Abe said that they will also actively participate in international standard deliberations and new regulatory planning. Abe said, pointing to discussion over standardisation in lithium including mining, concentration and conversion to lithium-ion battery materials as an example. The BASC’s members include suppliers of battery materials and parts, battery manufacturers, trading houses and automakers.

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