China to guide lithium battery makers to strengthen innovation, cut back on projects for pure capacity expansion

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China will guide lithium-ion battery and material companies to cut back on projects for "purely expanding production capacity", and encourage them to step up technological innovation, improve product quality and reduce production costs, according to draft guidelines released by the country's Ministry of Industry and Information Technology (MIIT) on Thursday.

When apply for new projects to expand capacity, companies should make sure their actual capacity utilization in the previous year was higher than . . .

 

 

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