China is ending a 10-year consumption tax exemption on lithium batteries (2% from September, 4% from 2027) and solar cells. Sodium and solid-state stay exempt.

Beijing is cutting VAT refunds for batteries, solar panels and metals, using a long-standing tax tool to rein in competition, push manufacturers up the value chain and take some…

Combined with stricter energy efficiency standards, the new measure signal Beijing’s push to reduce overcapacity, promote advanced technologies, and favor more competitive,…