Beijing ban ‘likely to prevent price war’
It has yet to be confirmed at the time of writing, but according to Reuters, by way of Chinese financial news outlet Cailianshe, China is pausing approvals on new energy storage manufacturing projects.
James Frith, principal at energy tech investor Volta Energy Technologies, noted that the reported move follows China’s first-ever decline in storage deployments and the introduction of a sales tax on lithium-ion cells.
“The move is likely to prevent a similar price war to that seen in solar and EV cells,” Frith wrote.
See his post here.
