The Ministry of Industry and Information Technology plans to guide lithium battery companies to reduce production capacity and expand, and the industry is expected to reverse ahead of schedule
On May 8, the Ministry of Industry and Information Technology publicly solicited opinions on the lithium battery industry specifications and administrative measures (draft for comments). The draft for solicitation of comments mentions guiding enterprises to reduce manufacturing projects that simply expand production capacity, strengthen technological innovation, improve product quality, and reduce production costs.
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