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Consumption Tax on Lead-Acid Battery Worries Chinese Battery Producers

Release time:2015-01-30

Jan 29, 2015 10:03 GMT   Source:SMM

 

SHANGHAI, Jan. 29 (SMM) – China has decided to impose a 4% consumption tax on lead-acid batteries starting from January 1, 2016, triggering concerns among Chinese battery producers. China’s lead-acid battery consumption has remained sluggish for long, leaving slim chance for producers to pass the tax on to consumers. China’s lead-acid battery exports grew nearly 40% in 2014, but export prices were depressed, leaving meager margins for exporters. T......

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