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Japan hit its 2030 target of 20% battery market share?","can-japan-hit-its-2030-target-of-20-battery-market-share","article/can-japan-hit-its-2030-target-of-20-battery-market-share",{"_uid":557,"date":558,"tags":559,"editor":566,"content":576,"excerpt":674,"featured":51,"reporter":675,"_editable":679,"component":680,"seo_title":553,"categories":681,"visibility":691,"author_company":49,"featured_image":692,"seo_description":674,"author_full_name":49,"author_job_title":49,"formattedDate":696,"formattedArticleDate":697},"cc2b8f09-1adf-4b1c-9922-9fd5e440a0be","2023-02-20 00:00",[560,563],{"slug":561,"name":562},"data-visualisation","Data Visualisation",{"slug":564,"name":565},"japan","Japan",[567],{"slug":568,"name":569,"content":570},"matthew-bird","Matthew Bird",{"job_title":571,"image":572,"bio":574,"linkedin":575},"Senior Editor - Supply Chains & Data Visualisation",{"filename":573},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":577,"content":578},"doc",[579,586,591,596,605,612,617,630,635,640,647,652,657,662,667],{"type":580,"attrs":581,"content":582},"paragraph",{"textAlign":49},[583],{"text":584,"type":585},"Japan will struggle to meet its target of its battery makers owning a 20% share of the global market by 2030, according to an analysis by Benchmark.","text",{"type":580,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":585},"Japan’s trade and industry ministry, METI, last year set a target for Japanese producers to achieve 600 gigawatt hours (GWh) of production or a 20% market share by the end of the decade.",{"type":580,"attrs":592,"content":593},{"textAlign":49},[594],{"text":595,"type":585},"Benchmark forecasts, however, that Japanese companies will produce just 3.5% of the world’s lithium ion battery output by 2030.",{"type":580,"attrs":597,"content":598},{"textAlign":49},[599],{"type":600,"attrs":601},"image",{"id":49,"alt":602,"src":603,"title":49,"source":49,"copyright":49,"meta_data":604},"","https://a.storyblok.com/f/287943243085208/7e32cb4a59/bm-image-112-1344106ffad8.png",{},{"type":606,"attrs":607,"content":609},"heading",{"level":608,"textAlign":49},4,[610],{"text":611,"type":585},"Overshadowed by its battery neighbours",{"type":580,"attrs":613,"content":614},{"textAlign":49},[615],{"text":616,"type":585},"Over the past five years Japanese battery manufacturers have lost market share as Chinese and South Korean players such as CATL, LGES, and SK On have expanded operations. ",{"type":580,"attrs":618,"content":619},{"textAlign":49},[620,628],{"text":621,"type":585,"marks":622},"Panasonic",[623],{"type":624,"attrs":625},"link",{"href":626,"uuid":49,"anchor":49,"target":49,"linktype":627},"https://source.benchmarkminerals.com/article/the-big-get-bigger-in-batteries-top-ten-producers-set-to-grow-output-400","url",{"text":629,"type":585}," is the only Japanese company listed among the top 10 producers worldwide.",{"type":580,"attrs":631,"content":632},{"textAlign":49},[633],{"text":634,"type":585},"In 2018, Japanese companies produced 25% of the world’s batteries. This year Benchmark forecasts their share of production to fall to 6%. During that time South Korean companies have maintained a ~25% market share. ",{"type":580,"attrs":636,"content":637},{"textAlign":49},[638],{"text":639,"type":585},"In contrast, Chinese producers have increased their share of production from 49% of global supply in 2018 to 67% last year.",{"type":580,"attrs":641,"content":642},{"textAlign":49},[643],{"type":600,"attrs":644},{"id":49,"alt":602,"src":645,"title":49,"source":49,"copyright":49,"meta_data":646},"https://a.storyblok.com/f/287943243085208/a56b722d5d/bm-image-113-13441076da92.png",{},{"type":580,"attrs":648,"content":649},{"textAlign":49},[650],{"text":651,"type":585},"Domestic developments ",{"type":580,"attrs":653,"content":654},{"textAlign":49},[655],{"text":656,"type":585},"As part of Japan’s 2030 battery targets the country is also looking to develop 150 GWh of domestic battery cell production. This year, Benchmark forecasts the country will produce 30 GWh of battery cells.",{"type":580,"attrs":658,"content":659},{"textAlign":49},[660],{"text":661,"type":585},"The country has several gigafactory expansions underway such as Chinese producer Envision’s 18 GWh capacity Ibaraki plant, or Panasonic and Toyota joint venture PPES’s 20 GWh capacity Himeji gigafactory, but the country is home to few large scale developments.  ",{"type":580,"attrs":663,"content":664},{"textAlign":49},[665],{"text":666,"type":585},"While Benchmark forecasts that Japan is set to increase its battery output by 128% between 2023 and 2030 to 68 GWh it is set to fall short of its domestic production targets. ",{"type":580,"attrs":668,"content":669},{"textAlign":49},[670],{"type":600,"attrs":671},{"id":49,"alt":602,"src":672,"title":49,"source":49,"copyright":49,"meta_data":673},"https://a.storyblok.com/f/287943243085208/444c27467f/bm-japan-battery-production-1.png",{},"Japan will struggle to meet its target of its battery makers owning a 20% share of the global market by 2030, according to an analysis by Benchmark. Japan’s trade and industry ministry, METI, last year set a target for Japanese producers to achieve 600 gigawatt hours (GWh) of production or a 20% market share by […]",[676],{"slug":568,"name":569,"content":677},{"job_title":571,"image":678,"bio":574,"linkedin":575},{"filename":573},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"cc2b8f09-1adf-4b1c-9922-9fd5e440a0be\", \"id\": \"\"}-->","article",[682,685,688],{"slug":683,"name":684},"batteries","Batteries",{"slug":686,"name":687},"geopolitics","Geopolitics",{"slug":689,"name":690},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":602,"name":602,"focus":602,"title":602,"source":602,"filename":693,"copyright":602,"fieldtype":694,"meta_data":695,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/70b90781ad/bm-tokyo-night-time.jpg","asset",{"alt":602,"title":602,"source":602,"copyright":602},"Feb 20, 2023","20th February 2023",[],[],1792773919097]