EconomyBeijing freezes energy-storage battery plant approvals amid overcapacity fears

Beijing has halted approvals for new energy-storage battery production facilities as industry officials warn of excess supply and destructive price competition. Companies have been barred from adding capacity since May, while regulators including the Ministry of Industry and Information Technology moved to curb a construction boom that could create severe overcapacity.

energy-storage batteriesovercapacityprice competition

SSouth China Morning Post★★★☆☆2026-09-11 11:43Original