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Japanese automakers are accelerating investments to secure storage batteries for electric vehicles and gas-electric hybrid vehicles, as part of efforts to survive what’s been described as the auto industry’s biggest transformation in 100 years.

Batteries are indispensable for the electrification of motor vehicles, needed to achieve a decarbonized society. The stable procurement of batteries and the reduction of related costs will determine whether automakers can stay in business amid the global shift from gasoline-fueled automobiles to electric vehicles.

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