China's Ministry of Finance, General Administration of Customs, and State Taxation Administration have announced adjustments to consumption tax policies for various battery types. Starting September 1, 2026, primary batteries, NiMH batteries, primary lithium batteries, lithium-ion batteries, and all-vanadium flow batteries will be taxed at 2%, increasing to 4% in September 2027. Photovoltaic cells will face a 2% tax from April 2027, rising to 4% in April 2028. Notably, sodium-ion, solid-state, fuel cells, and specific types of photovoltaic cells will be exempt from consumption tax until the end of 2028. AI
RANK_REASON Policy change impacting a major industry sector with phased implementation dates. [lever_c_demoted from significant: ic=1 ai=0.1]
- all-vanadium flow batteries
- battery consumption tax
- fuel cells
- General Administration of Customs
- lithium ion batteries
- lithium primary batteries
- metal hydride nickel batteries
- Ministry of Finance
- photovoltaic cells
- solid-state batteries
- State Taxation Administration
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