After 11 years, the consumption tax on products such as lithium batteries is reinstated. Experts: guide the new energy manufacturing industry to produce high quality products at competitive prices. Industry insiders: promote industry restructuring and optimization.

On July 17th, L Jinbiao, a consulting expert from the China Photovoltaic Industry Association, told reporters that the new policy is mainly aimed at guiding the new energy manufacturing industry to avoid low-price competition, and instead focus on high quality and reasonable prices. The consumption tax is an indirect tax, which is paid by production/processing/import companies in the production, processing, and import stages. Including battery products in the consumption tax mainly reflects the promotion of energy conservation and environmental protection. When evaluating the future impact of the new policy on company product prices and profits, many industry insiders in the photovoltaic and lithium battery industries told reporters that it is difficult to say at the moment, but the increase in taxes will definitely lead to a rise in product prices.