China to reinstate battery tax as support moves to new tech

China will reinstate a consumption tax on mature battery technologies, including lithium-ion batteries, while exempting emerging alternatives such as solid-state and sodium-ion batteries, reports&n… China will reinstate a consumption tax on mature battery technologies, including lithium-ion batteries, while exempting emerging alternatives such as solid-state and sodium-ion batteries, reports Caixin. The Ministry of Finance, the General Administration of Customs and the State Taxation Administration announced the adjustment on Friday. Starting Sept 1, mercury-free primary batteries, nickel-metal hydride batteries, lithium primary batteries,…