Source: China – South China Morning PostContemporary Amperex Technology’s suspension of production at a major lithium mine in mainland China is a clear sign of Beijing’s aggressive stance towards curbing overcapacity in the electric vehicle (EV) battery sector, according to analysts.
The world’s largest producer of EV batteries, known as CATL, said on Sunday evening that the licence for the mine in Yichun, in China’s central Jiangxi province, had expired on Saturday.
It added that an application for restarting operations had been…Read More