Global Trade Alert
Global Trade Alert

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

Announcement

16 Jun 2023

In June 2023, the Ministry of Economy, Trade and Industry announced Toyota, Prime Planet Energy & Solutions Co., and Prime Earth EV Energy Co. were selected to receive a financial grant in the second round of calls for securing a stable supply of storage batteries.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

16 Jun 2023

Revocation date:

No revocation date

Announced: 16 Jun 2023
Financial grant In force
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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