China Energy Storage Alliance (CNESA) organized a closed-door seminar in Beijing on Thursday to address involution-style competition in the new energy storage sector, with participation from nearly 30 ...

Workers operate at a workshop of a lithium battery company in Zaozhuang, East China's Shandong province, Jan 3, 2024. [Photo/Xinhua] The Central Economic Work Conference, which concluded last week, ...

Instead of being a story of evolution and technological development, the story of China and EVs is one of “involution.” The Chinese economy suffers from an excess of competition. Too many products are ...

The central authorities recently urged governments of various levels to take necessary measures to prompt industries to strengthen self-discipline and prevent vicious "involutionary" competition.