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China and South Korea Tailgating in Commercialization behind Japan’s Subsidy of Over US$660 Million for All-Solid-State Batteries in 2024, Says TrendForce

2 January 2025

According to TrendForce’s latest “Development Trends of Solid-State Battery Market (2025)”, the Japanese government aims to achieve commercialization in all-solid-state batteries (ASSB) by about 2030 and has been expanding corresponding R&D funds over recent years. The Ministry of Economy, Trade and Industry (METI) announced the “Battery Supply Assurance Program” in 2024 and approved a total of four major R&D projects on ASSB by the end of the year, with a maximum subsidy of roughly US$660 million. Japan has placed high hopes on ASSB, which is superior in performance over traditional liquid lithium batteries and could potentially enter commercialization.

Battery Prices Stabilize in November, Slight Increase Expected in 2025, Says TrendForce

12 December 2024

TrendForce’s latest research reveals that China's EV sales continued to grow throughout November 2024, driving demand for EV batteries. LFP battery prices remained stable, while prices for ternary batteries saw a slight decline.

Low-Altitude Aviation’s Untapped Market Expected to Drive Solid-State Battery Demand to 302 GWh by 2035, Says TrendForce

4 December 2024

TrendForce’s latest investigations reveal that the development of flying cars and electric vertical take-off and landing aircraft (eVTOL)/urban air mobility (UAM) vehicles are positioning solid-state batteries as a key energy technology for low-altitude aviation. Based on policy visions in regions like China and the United States, global demand for solid-state batteries in the low-altitude aviation sector is projected to reach 86 GWh by 2030 and further grow to 302 GWh by 2035.

TrendForce: Unveiling New Opportunities in Tech Innovation for 2025

21 November 2024

TrendForce has outlined 10 key trends shaping the technology landscape in 2025. Highlights include:

Foxconn Strengthens Solid-State Battery Investment, Eyes Two-Wheeler Market as Testing Ground, Says TrendForce

12 November 2024

Hon Hai subsidiary Foxconn has recently established Foxconn New Energy Battery (Zhengzhou) Co., Ltd. in Henan, China. The newly formed company will focus on battery manufacturing, sales, and R&D into automotive components. Recent TrendForce investigations reveal that Foxconn's initial approach to solid-state batteries will involve partnerships with other battery manufacturers—starting with lower-complexity manufacturing processes and focusing on building expertise in the two-wheeler market.


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