Effective April 1, 2026, China will eliminate value-added tax (VAT) export rebates for photovoltaic (PV) products, including solar cells, modules, inverters, and related components. This follows a prior reduction from 13% to 9% in December 2024.
From 1 April 2026, export tax rebates of as much as 13% on solar products will be rolled back, while rebate rates on battery goods will be cut to 6% from 9%, with full phase-out scheduled on 1 January 2027, according to a joint announcement by the Ministry of Finance and the State.
In 2024, in the global market, the top ten Chinese companies by shipment volume of energy storage batteries (excluding backup power batteries for base stations/data centers) were: CATL, EVE, Hithium, BYD, REPT BATTERO, CALB, AESC, CORNEX, Lishen, and Ganfeng LiEnergy.
Through in-depth exchanges with many local enterprises and chambers of commerce, we learned in detail about the operation models of the circuit breaker industry going overseas, ranging from trade to production, from small-scale wholesale to bidding for government projects, as well.
Ambassador Chen highlighted the Coca Codo Sinclair Hydropower Station, financed by China and built by POWERCHINA, which supplies 30 percent of Ecuador's electricity. This facility proved crucial during last year's drought, ensuring energy security.
As the world's largest telecom infrastructure provider, China Tower manages over 2. 1 million base stations across China, each relying on advanced lithium iron phosphate (LiFePO4) batteries for backup power.
China Exports of parts switches, automatic circuit breakers, relays or connector to Bhutan - data, historical chart and statistics - was last updated on February of 2025.
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