The Japanese government may spend hundreds of billions of yen to fund the development of solid-state batteries

In order to grasp the dominance of new power batteries, the Japanese government has reported that it will spend hundreds of billions of yen to help the development and production of all-solid-state batteries. According to Nikkei News, Japanese officials and citizens have begun to accelerate the practical use of new power batteries-all-solid-state batteries. Toyota plans to launch electric vehicles equipped with all-solid-state batteries by 2025. Mitsui Metals is also preparing to produce related materials, and the Japanese government is also considering Provide hundreds of billions of yen in subsidies. Chinese companies currently occupy a high share of the global power battery market. Under the irreversible trend of electrification, Japan expects that the government and the people will cooperate to master the core technology of the new generation of batteries. The Japanese government believes that with the popularization of electric vehicles, if the current status of the industry continues, most of the core technologies of electric vehicles will rely on China. Therefore, it plans to assist Japanese companies in the development of all-solid-state batteries. It plans to establish a 2 trillion yen-scale carbon reduction technical assistance fund. Provide hundreds of billions of yen in subsidies for the production and development of all-solid-state batteries. All-solid-state batteries change the electrolyte of lithium-ion batteries into solid electrolytes. In addition to reducing the risk of battery fire and improving safety, the energy density of the battery will also be increased several times, and the charging time can be completed in only about 10 minutes. Now one-third of the charging time. Toyota is currently leading the research and development of all-solid-state batteries in Japan, with more than one thousand patents, ranking first in the world. Toyota plans to open a trial vehicle equipped with all-solid-state batteries in 2021 and begin performance testing. The currently developed all-solid-state battery vehicle has a range of 500 kilometers, which is more than twice that of a vehicle equipped with a lithium-ion battery under the same conditions. In line with the Ru0026D trends of automakers, Japanese raw material manufacturers are also accelerating their pace. Mitsui Metals and Idemitsu Kosan plan to start producing solid electrolytes in 2021. Japanese Prime Minister Yoshihide Suga said at a press conference held at the Prime Minister’s residence on the evening of December 4 that in order to achieve the goal of carbon neutrality by 2050, he plans to set up a 2 trillion yen fund to be used to reduce carbon emissions related to batteries and hydrogen energy. Provide assistance to technology research and development companies. Yoshihide Suga pointed out that an unprecedented 2 trillion yen fund will be established to provide assistance to companies that continue to challenge innovative technologies for the next 10 years. The Yano Institute of Economic Research, a private investigation agency in Japan, estimates that in 2030, the global market for next-generation batteries (including all-solid-state lithium-ion batteries, metal-air batteries, etc.) will significantly expand to 1.494 billion yen, a sharp increase from 2018. About 22 times, the high-capacity all-solid-state lithium-ion battery market is the largest, which is estimated to reach 568.7 billion yen in 2030, accounting for nearly 40% of the total. Japanese market research agency Fuji Keizai predicts that the global all-solid-state lithium battery (all-solid-state battery; including sulfide series, oxide series, polymer series, etc.) market size is expected to expand to 2677.2 billion in 2035 The yen will surge 1,114 times from the 2.4 billion yen in 2018. As the 30th year of the industrialization of lithium-ion batteries, battery technology will also enter a new cycle of change in 2020. At present, the safety problem of lithium batteries has not been solved, so solid-state batteries have become the direction of the next generation of lithium battery technology. At this stage, there are few mass-produced solid-state batteries, and the industrialization process is still in the early stage, mainly in the three camps of Europe, America, Japan, South Korea, and China. European and American car companies pay more attention to solid-state battery start-ups. Car companies such as Renault have acquired technology reserves through acquisitions and investment in start-ups including SolidPower, SolidEnergySystems, IonicMaterials, QuantumScape, etc. Dyson, who gave up building cars, is also focusing on the research and development of solid-state battery technology. Japanese car companies have developed solid-state batteries earlier. Toyota launched a cooperation with Ilika, a solid-state battery startup, in 2008. In early 2019, it cooperated with Panasonic to accelerate the layout and strive to achieve mass production as soon as possible. In South Korea, Samsung SDI is developing a new solid-state battery, and it is expected that in the next one to two years, a smart phone using solid-state battery technology will come out. LG Chem is also developing solid-state battery technology and has made good progress, reaching a level similar to Samsung. Although China started late, more and more scientific research institutes and battery companies have participated in it, including the Institute of Chemistry of the Chinese Academy of Sciences, Ningbo Institute of Materials of the Chinese Academy of Sciences, Ganfeng Lithium, CATL, BYD, Weilan New Energy, Anhui Watt new energy and so on.