China's electric vehicle battery market is becoming mired in oversupply issues while it continues to offer generous government tax benefits. Chinese companies ranging from battery makers to those in unrelated fields such as food conglomerates are entering the battery market to receive state-led incentives. The South China Morning Post reported on Friday that Jiangxi Judian New Energy Technology plans to invest a total of 10 billion yuan ($1.39 billion) to build production plants to produce solid-state lithium batteries that power EVs in Ganzhou of eastern China, 'joining a host of suppliers who are threatening to further flood a market that is already facing overcapacity,' said the article.

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