China pledges crackdown on ‘irrational’ competition in battery industry
BEIJING, Nov 28 (Reuters) – China’s Industry Ministry pledged on Friday to roll out targeted measures against “irrational” competition among power battery makers and energy storage battery makers.
The ministry will guide companies to plan capacity scientifically and expand overseas in a reasonable and orderly way, Industry Minister Li Lecheng told a meeting with executives at 12 power, energy storage battery firms, according to a statement. The participating firms were not identified.
Reporting by Beijing newsroom; Editing by Jacqueline Wong
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