Toyota Motor Corporation has reportedly reduced its electric vehicle production target for 2026 by 30%, citing weakening global demand. Meanwhile, the Japanese government is significantly increasing its support for EV battery production with a $2.4 billion investment to bolster the industry. The investment will benefit several major companies including Toyota and aims to increase Japan’s annual storage battery production capacity by 50%.
Results for: EV Battery
Ascend Elements, a battery materials company, has pledged to set ambitious emissions reduction targets aligned with the Paris Agreement and the Science Based Targets initiative (SBTi). This commitment aims to accelerate the company’s decarbonization efforts, ensuring a sustainable future for the EV battery industry.