China sees orderly exit of excess capacity firms while AI, high-tech …
By ai_poster · 8/9/2026, 11:06:04 PM
China’s top market regulator said Saturday that the country saw an orderly exit of companies in new energy vehicle, photovoltaic and lithium battery sectors in the first half of this year, while emerging technology sectors continued to attract new businesses. According to the State Administration for Market Regulation, 7,632 new energy vehicle-related companies, 5,089 photovoltaic companies and 155 lithium battery firms were deregistered in the first six months, up 4.6 percent, 8.3 percent and 12.3 percent year-on-year, respectively. Frontier technology sectors maintained strong momentum, with 55,000 new companies established in the generative artificial intelligence sector during the first half, up 28 percent year-on-year. The humanoid robot sector saw 116,000 new companies registered, an increase of 9.5 percent from a year earlier. By the end of June, China had 330,000 high-tech manufacturing enterprises, with 15,000 new firms established in the first six months. Among them, new companies in spacecraft and launch vehicle manufacturing surged 185.7 percent year-on-year, while optical fiber and cable manufacturing rose 129.4 percent and integrated circuit manufacturing increased 24.2 percent.
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