The proposal from two industry associations echoes government efforts to ease financial strain on upstream companies and comes as soaring demand has boosted profits for manufacturers
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Workers produce energy storage batteries at a factory in Lianyungang, Jiangsu province, on June 26. Photo: VCG
China is tightening its measures against increasing competitive pressure in the battery industry. Eleven leading battery…
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A new six-month cap on supply chain financing exposes the toll of unpaid local government bills on state contractors
The 14 carmakers say the move came as a result of regulatory guidance on the sustainable development of China’s auto sector.
Battery-makers front-load overseas shipments before the phased policy change begins on April 1, pushing carbonate prices to a…
Beijing is cutting VAT refunds for industries facing overcapacity, fierce price wars and mounting trade friction
