Foreign media: China is temporarily halting approval of new lithium battery energy storage plant projects to address the risk of overcapacity resulting from the rapid expansion of the energy storage industry. According to reports, relevant departments are assessing existing and planned energy storage capacities, with a particular focus on cell technology. New projects that have not yet started construction will be put on hold for now, but ongoing projects remain unaffected; future policies may still be adjusted.
In recent years, with the rapid development of the new energy sector, China's energy storage battery market has continued to expand, but companies are also facing intense competition, declining product prices, and pressure on profits. A similar situation previously occurred in the photovoltaic and new energy vehicle industries. Some PV enterprises, due to shrinking profitability in module production, have begun shifting focus toward energy storage businesses, further intensifying market competition.
To promote healthy industry development, China has implemented measures including enhanced market regulation and the imposition of consumption taxes on lithium-ion batteries and solar cells, aiming to drive the energy storage sector from a phase of scale expansion toward one emphasizing quality and efficiency.
Original article: toutiao.com/article/1875681543208988/
Disclaimer: The views expressed in this article are those of the author(s) and do not necessarily reflect the official stance of the publisher.