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Market Chatter: China Pauses Approvals for Construction of Energy Storage Battery Facilities

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The Chinese government paused approvals for new energy storage battery factories to curb oversupply, state-owned financial news outlet Cailianshe reported Sunday, citing industry sources.

Beijing temporarily halted projects still under planning, while those that have completed registration and are under construction are not affected by the pause, the report said.

China's National Development and Reform Commission did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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