On August 24, a self-media outlet called “Electrochip Lab” reported that many industry insiders said that the newly declared lithium battery production capacity for the second half of the year was no longer being approved, and approval for additional production capacity had basically stalled in the short term. In response, on August 25, a call was made to the Ministry of Industry and Information Technology to verify the veracity of the above information. The staff who answered the call said that no relevant information had been found on the official website. On the same day, the truth of the above information was also sought from listed companies such as Pioneer Intelligence and GCL Technology. The relevant person in charge of Pioneer Intelligence called it “the May news, untrue,” while the relevant person in charge of GCL said “no news has been received.” Liu Yong, Secretary General of the Energy Storage Application Branch of the China Chemical and Physical Power Industry Association, said that it is unclear how true the news is. “It probably won't. There is a possibility that adjustments will be made accordingly.”

On August 24, a self-media outlet called “Electrochip Lab” reported that many industry insiders said that the newly declared lithium battery production capacity for the second half of the year was no longer being approved, and approval for additional production capacity had basically stalled in the short term. In response, on August 25, a call was made to the Ministry of Industry and Information Technology to verify the veracity of the above information. The staff who answered the call said that no relevant information had been found on the official website. On the same day, the truth of the above information was also sought from listed companies such as Pioneer Intelligence and GCL Technology. The relevant person in charge of Pioneer Intelligence called it “the May news, untrue,” while the relevant person in charge of GCL said “no news has been received.” Liu Yong, Secretary General of the Energy Storage Application Branch of the China Chemical and Physical Power Industry Association, said that it is unclear how true the news is. “It probably won't. There is a possibility that adjustments will be made accordingly.”