Chinese Battery Makers Cut Production to Ease Glut

What’s new: Chinese battery makers cut production in April to clear inventories amid slower sales of electric vehicles. But a rebound is expected in May.

China produced 47 gigawatt-hours of EV batteries in April, down 8.3% from the previous month. Output was still nearly 40% higher than a year earlier. Battery installations in vehicles declined 9.5% in April from March to 25.1 gigawatt-hours, though that was up nearly 90% from a year earlier, according to the industry group China Automotive Battery Innovation Alliance.