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…
China has temporarily halted approvals for new battery storage plant constructions as it reviews existing and planned capacity, according to a report by Cailianshe, a Chinese financial news outlet. The suspension is a response to growing concerns about overcapacity in the sector, which is a major player in the global battery market for energy storage and electric vehicles.
The Chinese government has previously addressed overcapacity issues in other sectors like electric vehicles and solar panels, suggesting that batteries may now be the next target. The administration has announced plans to introduce consumption taxes on batteries starting in September 2026, which could further impact the industry.
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