What will China's new lithium-ion battery regulation mean for the battery industry?

China's industrial regulator plans to launch a major document to guide the production capacity of lithium-ion batteries, which industry experts said will knock out a batch of low-end battery cells and accelerate the structural adjustment of the country's booming lithium-ion battery sector.

What's new in China's Lithium-ion battery industry?

BEIJING, June 19 -- China's Ministry of Industry and Information Technology on Wednesday unveiled revised guidelines for the lithium-ion battery industry to further strengthen standardized management and promote the high-quality development of the sector.

What is the future of lithium batteries?

The elimination of critical minerals (such as cobalt and nickel) from lithium batteries, and new processes that decrease the cost of battery materials such as cathodes, anodes, and electrolytes, are key enablers of future growth in the materials-processing industry.

Should lithium-ion battery companies invest in technology?

Instead, lithium-ion battery companies will be encouraged to strengthen technological innovation, improve quality and reduce production costs. They are required to spend at least 3 percent of the revenue on R&D and technological upgrades, the draft guideline said.

Is the EU Industrial Policy on batteries effective?

84 Overall, we conclude that the Commission’s promotion of an EU industrial policy on batteries has been effective, despite shortcomings on monitoring, coordination and targeting, as well as the fact that access to raw materials remains a major strategic challenge for the EU’s battery value chain.

Should lithium-based batteries be a domestic supply chain?

Establishing a domestic supply chain for lithium-based batteries requires a national commitment to both solving breakthrough scientific challenges for new materials and developing a manufacturing base that meets the demands of the growing electric vehicle (EV) and stationary grid storage markets.