China's Energy Storage Industry Urged to Avoid Boom-and-Bust Cycle

China's energy storage sector is advised to maintain strict oversight of production capacity and pricing to prevent a cycle similar to the solar industry's fluctuations. Bloomberg posted on X, highlighting comments from a leading manufacturer who emphasized the importance of avoiding the pitfalls experienced by the solar sector. The call for regulation comes amid concerns that unchecked growth could lead to instability in the energy storage market, mirroring past challenges faced by solar companies. Industry leaders are advocating for strategic planning and management to ensure sustainable development and long-term success.