A groundbreaking ceremony was held for an automotive battery plant at Xi'an in Shanxi Province, China

A groundbreaking ceremony was held for an automotive battery plant at Xi'an in Shanxi Province, China

According to Shanghai Metals Market website:

"China’s Ministry of Industry & Information Technology released the draft regulation for lithium battery industry for public opinion December 12, and said the finalized regulation will take effect next year."

Within that draft is this statement:

"...capacity of lithium battery project not be lower than 100 million kwh per year."

Which translates to China will be manufacturing lithium-ion batteries at a capacity of 100 million kWh or more annually starting this year.

The draft further states:

"...lithium battery cathode and anode material producers should have a capacity of no less than 2,000 tons per year."

These lithium battery regulations are expected to eliminate China's insufficient supply of li-ion batteries.

Source: Metals