lithium-ion batteries

China pauses approvals for new battery storage factories

China, the world's largest manufacturer of batteries for energy storage, has temporarily suspended approvals for new factory projects as authorities review existing and planned production capacity amid mounting overcapacity concerns, Reuters reported on Sunday, citing Chinese financial news outlet Cailianshe.

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China ends 11-year tax exemption on lithium batteries

China announced on Friday that it will impose a consumption tax on lithium-ion batteries starting September 1, 2026, bringing to a close an 11-year exemption that helped fuel the country's rise to dominance in global battery manufacturing. The policy, however,…