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China moves to curb irrational competion in battery energy storage industry

The Chinese Ministry said it will take swift action to rein in aggressive low‑price competition that threatens to destabilize businesses and impede sustainable industry growth.
Marija Maisch
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Marija Maisch
China’s Ministry of Industry and Information Technology (MIIT) | Image: 維基小霸王, Wikimedia Commons, CC BY-SA 4.0

From ESS News

At its meeting on Nov. 28, the Chinese Ministry of Industry and Information Technology (MIIT) pledged to accelerate the implementation of targeted policies and measures to curb “irrational competition” in the power and battery energy storage industry.

Oversupply and aggressive bidding have eroded margins in China’s energy storage market, threatening the viability of numerous players. In response, industry voices in the world’s largest energy storage manufacturing hub have been advocating for price control, higher standards and reforms that would safeguard quality and ensure long-term stability.

In the Friday meeting with executives from a number of battery firms, Minister Li Lecheng emphasized that the Party Central Committee attaches great importance to the development of the power and energy storage battery industry. He stressed the need to comprehensively assess the current situation and implement directives addressing “involutionary” competition.

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