China Energy Storage Alliance (CNESA) organized a closed-door seminar in Beijing on Thursday to address involution-style competition in the new energy storage sector, with participation from nearly 30 industry-leading companies, reported Chinese news outlet Jiemian and confirmed by Yuan Talks with a staff at the alliance.
The seminar focused on three main topics, with the first topic being address an industry self-regulation charter on issues such as “counteracting excessive and below-cost price competition,” as well as measures to prevent winning bids below cost, according to a document issued during the meeting.
The second topic was about measures to raise industry entry thresholds, standardize technical requirements, improve the standards system, enhance safety protection levels, and curb impulsive investments, and the third topic was about promoting high-quality development in the new energy storage sector and key technological development directions, showed the document.