Subsidies for Chinese lithium battery manufacturers

Does China provide subsidies to lithium-ion batteries?

At present, the Chinese government’s policy of providing subsidies to lithium-ion battery has been implemented for a long time, but the openness of government subsidy information needs to be further strengthened.

Which Chinese battery manufacturer receives state subsidies?

HONG KONG -- Leading Chinese battery manufacturer CATL has become the top recipient of state subsidies among all mainland listed companies, highlighting a sharper strategic focus just as such government support draws scrutiny in the West.

Should government subsidies be raised before issuance of lithium-ion batteries?

With the development of lithium-ion batteries, it is not only necessary to raise the standard for issuing government subsidies, but also to strengthen publicity before the issuance, and strengthen supervision after use, so as to guide social forces to supervise and improve the efficiency from the usage of subsidies funds.

Will China play a role in the lithium industry?

Given China’s influence in the lithium supply chain, we expect Chinese companies will likely play an integral role in the lithium industry for years to come. LIT: The Global X Lithium & Battery Tech ETF (LIT) invests in the full lithium cycle, from mining and refining the metal, through battery production.

Did China BAK battery get a US $ 1.9 million subsidy?

Nonetheless, in 2012, China BAK Battery, a manufacturer of LiBs received a US $ 1.9 million subsidy from the Chinese National Development and Reform Commission and MIIT [ 62] for its battery module project. As reported, government funds were slated to be used to enhance battery module efficiency for EVs and e-bikes.

Is China distorting competition with subsidies for electric cars?

The massive subsidisation of Chinese companies has led to fierce criticism in the West, however. The European Commission accuses the Chinese government of distorting competition with subsidies for electric cars and has launched an official anti-subsidy investigation into electric cars in China in October 2023.