Toyota, CATL shut plants in China's Sichuan as power crisis worsens
Hindustan TimesToyota Motor Corp. and Contemporary Amperex Technology Co., the world’s top battery maker, are closing plants in China’s Sichuan province as a drought-induced power crisis worsens. Toyota shut a factory in the provincial capital of Chengdu and will keep operations suspended until Aug. 20, a company spokesperson said. The heat wave has reversed that, with coal consumption for the first two weeks of August rising 15% from a year earlier, the government’s top planning agency said Tuesday. There’s only light-to-moderate rain expected in the next week and the Three Gorges Dam, the world’s largest, in neighboring Hubei province, will release more water in the next five days to help replenish the middle and lower reaches of China’s largest waterway, state-run Xinhua News reported.
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Factories in China close as drought hurts hydropower
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