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Nikkei: Japan to develop seabed mining of rare earth materials

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The Nikkei reports that in 2024, Japan will begin to extract rare earth materials for electric vehicles and hybrids from sea bottom mud in an area off Minami-Torishima Island, a coral atoll in the Pacific Ocean about 1,900 kilometers southeast of Tokyo. The government’s aim is to reduce the country’s reliance on China for rare earth metals.

Japan 542
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Top 10 EV battery manufacturers all Asian companies; China accounts for 56% of market, Korea 26% and Japan 10%

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The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

Li-ion 458
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Daimler Truck and CATL expand global partnership on truck-focused batteries and supply

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Daimler Truck AG and lithium-ion battery manufacturer and developer Contemporary Amperex Technology Co. In 2019, Daimler Truck AG and CATL entered into a global lithium-ion battery cell modules supply agreement for electric series trucks including the Mercedes-Benz eActros, the Freightliner eCascadia and eM2.

Global 435
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Evonik investing in fumed aluminum oxide production plant expansion in Japan for battery applications

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Evonik is investing in a production plant expansion for fumed aluminum oxide at its site in Yokkaichi, Japan. With this expansion investment, we further commit to accelerated growth in the lithium-ion-battery market and secure regional supply for all customers located in the fast growing battery markets of China, Japan, and Korea.

Japan 243
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Nissan launches Note Autech Crossover in Japan; exclusively with e-POWER

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Nissan and its affiliate Autech announced the start of sales of the Note Autech Crossover in Japan. Autech Japan, Inc. Earlier post.). The Note Autech Crossover aims to enhance the driving experience with the functionality and style of an SUV. Premium sporty” is the brand concept.

Japan 411
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MP Materials and Sumitomo to strengthen rare earth supply in Japan

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and Sumitomo Corporation announced an agreement to diversify and strengthen rare earth supplies in Japan. The effort to electrify and decarbonize the global economy is causing demand for rare earths to grow rapidly, outpacing new supply. US-based MP Materials Corp. China is the world’s leading producer.

Japan 225
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Nikkei: India passes Japan to become world’s No. 3 auto market in 2022

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million sold in Japan, according to a Nikkei report. million between January and November 2022, according to the Society of Indian Automobile Manufacturers (SIAM). In Japan, 4,201,321 vehicles were sold in 2022, down 5.6% In Japan, 4,201,321 vehicles were sold in 2022, down 5.6% million vehicles, followed by Japan at 4.44

India 218