Beijing is attempting to curb overcapacity and intense domestic price wars by ending a decade-long levy exemption on batteries.

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.

China will end the tax exemption for lithium-ion batteries that has been in place since 2015. From September, the country will levy a consumption tax on