China Looks to Curb Overcapacity in Its Lithium Battery Industry

China issued on Wednesday new guidelines for its lithium-ion battery industry in a bid to put quality over quantity in battery manufacturing, whose boom led to overcapacity and eroded prices for companies in the sector. “China’s Ministry of Industry and Information Technology on Wednesday unveiled revised guidelines for the lithium-ion battery industry to further strengthen standardized management and promote high-quality development of the sector,” the government said. The new guidelines, effective from Thursday, lay…