BYD Launches Its Second Electric Vehicle in Japan
On September 20, 2023, BYD unveiled its second model for the Japanese market – a compact electric car “BYD DOLPHIN”. The standard version
As policy, technology, and decarbonization goals converge, Japan is positioning energy storage as a critical link between its climate targets and energy reliability. Japan's energy storage policy is anchored by the Ministry of Economy, Trade and Industry (METI), which outlined its ambitions in the 6th Strategic Energy Plan, adopted in 2021.
To this end, TEPCO HD and Toyota have jointly developed a stationary storage battery system that can be used in combination with existing PCS *2 by connecting multiple storage batteries for electric vehicles.
Japan's energy storage landscape is shifting, pushed by household demand, corporate ESG mandates, and domestic battery manufacturing. The residential lithium-ion market, projected to grow at a CAGR of 33.9% through 2030, remains one of the fastest-expanding segments.
The company secured a 20-year tolling agreement for its first Japan project, the 30MW/120MWh Hirohara BESS. Now under construction on the southern island of Kyushu, Eku claimed its tolling agreement with utility Tokyo Gas was a first of its kind for the Japanese market that helped it to close financing in the summer of 2024.
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