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China Halts New Battery Factories on Capacity Concerns: Caixin
Source: Bloomberg
Automotive & EVRenewable Energy TransitionRegulation & LegislationCommodities & Raw Materials
China has temporarily suspended approvals for new power- and energy-storage-battery manufacturing projects pending a year-end review of industry capacity, according to Caixin. The move signals concern over battery-sector overcapacity and could restrain near-term expansion plans for EV and energy-storage supply chains.
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