BEIJING, June 19 -- China''s Ministry of Industry and Information Technology on Wednesday unveiled revised guidelines for the lithium-ion battery industry to further strengthen standardized management and promote the high-quality development of the sector.
Cathode materials are key to battery performance and cost, and China currently supplies a majority of these materials worldwide. With this move, China is making it more difficult for foreign companies to obtain Chinese technologies, ensuring other countries cannot easily catch up to its dominance in the area.
It will be the largest battery factory in Europe when production begins in 2025. According to data from the Ministry of Industry and Information Technology, in the first half of this year, China''s lithium battery product exports increased by 69 percent year-on-year, with a predominant focus on power batteries.
Export figures for lithium-ion batteries during the January-April period were also positive, with total exports valued at 155.4 billion yuan, equivalent to about 21.7 billion U.S. dollars. This reflects a 25 percent year-on-year increase, indicating strong international demand for China''s battery products.
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China''s Ministry of Industry and Information Technology (MIIT) on Wednesday unveiled revised guidelines for the lithium-ion battery industry to further strengthen …
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China''s Ministry of Industry and Information Technology on Wednesday unveiled revised guidelines for the lithium-ion battery industry to further strengthen standardized …
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