On June 19th, the Ministry of Industry and Information Technology issued the revised “Industry Standards for Lithium ion Batteries”, reducing manufacturing projects that only expand production capacity, strengthening technological innovation, improving product quality, and reducing production costs. Lithium ion battery enterprises shall spend no less than 3% of their main business income annually on research and development and process improvement, and obtain qualifications as independent research and development institutions, engineering laboratories, technology centers, or high-tech enterprises at or above the provincial level; The actual production of the previous year shall not be less than 50% of the actual production capacityRead More →
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