China pauses approvals for battery storage manufacturing projects, Cailianshe reports
Authorities paused new factory approvals as they review battery storage capacity, while projects already under construction remain unaffected, Reuters reported.
- China has temporarily suspended approvals for new battery storage manufacturing factories, Cailianshe reported on Saturday. The pause targets new projects while allowing ongoing construction to continue.
- Mounting pressure from intense competition and falling prices prompted the review. Energy transition industries face challenges similar to those previously experienced by manufacturers of EVs and solar panels.
- The rapid battery storage boom now threatens the industry, prompting government intervention. Authorities realized last year that cutthroat competition, overcapacity, and low-quality manufacturing were damaging enterprises.
- Effective September 1, the Ministry of Finance, General Administration of Customs, and State Taxation Administration launched consumption taxes on batteries. Levies are set at 2% initially, rising to 4% in 2027.
- China exempted new-technology batteries from the tax until December 2028, including sodium-ion batteries, solid-state batteries, fuel cells, and advanced photovoltaic types. This preferential treatment encourages innovation in emerging battery technologies.
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China battery storage: China pauses approvals for battery storage manufacturing projects
The move comes amid growing concerns about overcapacity risks in the energy storage sector, according to the report. That is despite a surge in demand for batteries used to balance grids and provide backup power.
China decided to slow down: another overabundance was found in the green energy sector of China
After an oversupply in the production of solar panels and electric vehicles, China is faced with an oversupply of batteries for energy storage systems. Beijing has temporarily suspended the issuance of permits for the construction of new factories.
China Halts New Battery Storage Plant Approvals
China has paused approvals for new battery storage factories amid a review of existing and planned capacity, Chinese financial news outlet Cailianshe reported this weekend, citing industry sources. The temporary suspension of approvals of plants that have not started construction yet comes amid growing concerns about overcapacity in the sector in the world’s biggest manufacturer of batteries for energy storage. China is the world’s biggest marke…
China, the world's largest producer of energy storage batteries, has temporarily suspended approvals for new factories in the field.
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China Temporarily Halts Approvals for New Energy Storage Battery Factories
China, the world's largest manufacturer of batteries for energy storage, has temporarily stopped approving new factory projects, Chinese financial news outlet Cailianshe reported on Saturday. The post China Temporarily Halts Approvals for New Energy Storage Battery Factories first appeared on [your]NEWS.
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