Covid-19 to prompt battery manufacturing capacity decline in China

In the age of global trade, cross-border trade of commodities and services has resulted in the interdependence of global economies, when a country’s manufacturing industry is dependent on goods and services sourced from international markets.

The emergence of Covid-19 has affected the global economy and resulted in significant downtime for major industries. Similar to other industries, the energy storage industry is facing challenges in manufacturing, shipment delays, project development and research and development.

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