Starting Sept. 1, lithium-ion cells will be subject to a 2% consumption levy, marking another step toward equalizing the tax burden between electric and gasoline vehicles

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,…