China Pressures Battery Makers to Curb Capacity Expansion
DP
Daniel Park
AI Industry CorrespondentBloomberg Technology✓Verified across 1 source
The Brief
China summoned leading battery manufacturers for the second time in three months, urging them to restrict capacity growth and avoid destructive price wars. The move signals Beijing's concern that unchecked expansion could damage the renewable energy sector as it has other Chinese industries.
✓Verified across 1 independent source