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المشهد العربي
China halts auto and battery projects
China has temporarily halted the development of new projects for automotive and energy batteries, pending an assessment of the sector's production capacity by the end of the year. The goal is to reduce excess capacity and prevent price wars. Projects that have already received approval or have begun implementation will continue, while those still in planning stages face the risk of suspension. These measures come following warnings from regulatory authorities to curb excessive expansion of production capacities, aiming to avoid a repeat of the solar energy sector crisis that led to significant losses due to a price war caused by rapid expansion.
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