According to Electrive, the pledge investments will raise the capacity from currently 80 GWh to 120 GWh, with the cells going mainly towards the EV industry. Japanese officials will target a production capacity of 150 GWh by 2030, contributing to the total fund with 2.44 million USD.

Two of Toyota's subsidiaries will also contribute to the development and production effort, namely Prime Planet Energy & Solution, which will conduct the research and development, and Primearth EV Energy, which will produce the new batteries.

Nissan President and CEO Makoto Uchid said that its company will focus on LPF batteries (lithium-iron phosphate), in order to offer more affordable EVs on the market. "The batteries, to be developed and mass-produced in Japan, will be installed in electric mini vehicles starting in fiscal year 2028. We aim to establish a base for LFP batteries in Japan", he added.

Japanese battery manufacturer Panasonic will take care of most of the upcoming production, boosting its current capacity by 26.5 GWh. Batteries amounting to 20 GWh per year will go to Subaru, while 6.5 GWh will be employed by Mazda. Thus, Panasonic will have a production share of 40 GWh from the total capacity.