China issues draft rules to regulate lithium battery sector amid overcapacity concerns.
China's Ministry of Industry and Information Technology has issued draft rules to regulate the country's rapidly expanding lithium battery sector, after concerns about overcapacity hit industry profits. The draft rules suggest minimum energy density standards, stricter battery specifications and advise firms to avoid building plants that "simply expand production capacity." The proposal is subject to feedback and isn't yet binding.
May 08, 2024
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