Ministry for major upgrade of battery sector

The Ministry of Industry and Information Technology said in a latest guideline that low-end lithium-ion batteries will be strictly controlled in China, and it clearly requires companies to focus on quality rather than quantity when producing such batteries.

According to the guideline, companies are not allowed to blindly expand production of lithium-ion batteries and low technology products will be phased out.

The guideline also called for accelerated efforts on research and development in the segment. For companies, R&D investment should account for at least 3 percent of total revenue.