Japan's government has significantly increased support for next-generation solid-state battery (ASSB) technology, approving $660 million in subsidies for five major projects as of early 2026. This push aims to secure a stable supply chain and advance commercialization by 2030, with major automakers like Toyota and Honda already building pilot production lines. Despite strong competition from China and others in low-cost lithium iron phosphate (LFP) batteries, Japan remains a global leader in ASSB patents and is focusing on improving battery yield, quality, and cost reduction. The government allocates about 18% of subsidies to developing key materials like solid electrolytes and lithium sulfide, essential for scaling production and maintaining industrial competitiveness.
Japan's government has allocated $660 million in subsidies to accelerate the development and supply chain of all-solid-state batteries (ASSBs), aiming for commercialization by 2030. This support is part of the Battery Stable Supply Assurance Plan, fo...
Toyota is set to report a nearly 1% increase in U.S. vehicle sales for the first half of the year, reaching 1.25 million units, while General Motors (GM) is expected to see a 7.2% decline to 1.33 million. Toyota's focus on hybrid vehicles, which are ...
Toyota Motor Corporation reported a $5.6 billion revenue shortfall and is under profit pressure due to U.S. tariffs, leading to a CEO change aimed at improving financial discipline. The company is increasing U.S. production and emphasizing hybrid ele...
CarGurus' 2026 Mid-Year Review reveals robust consumer demand across vehicle segments, with luxury SUVs selling faster and used hybrid prices hitting record highs. New car prices average around $50,900, reflecting a market shift toward higher-priced ...
Cars.com released its 2026 American-Made Index showing 86 vehicles ranked by their contribution to the U.S. economy through manufacturing, parts sourcing, and employment. Foreign automakers make up 65% of the list, with Toyota and Honda leading in th...
