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Global Trade Alert

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Japan: Government announces state aid to Toyota and further companies for EV battery development

Description

On 16 June 2023, the Ministry of Economy, Trade and Industry announced that Toyota receives a financial grant of up to JPY 117.8 billion (USD 831 million) for their battery supply security plan in the...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

16 Jun 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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