Supply Chain
Pages 518–535 (18 pages)
Text on page 528
Chinaʼs Industry for Energy Storage Systems DOMESTIC MARKET SHARE TOP 5 2025 H1
CHINESE SHARE OF GLOBAL MARKET
CAPACITY EXPANSION GWh
Hithium EVE Energy BYD Cornex
Core Competitive Advantages
Industry Overview
Chinese energy storage battery enterprises lead globally in LFP battery technology, with obvious cost advantages. Leading enterprises like CATL and Hithium have the global-largest production scale, with obvious advantages in long-cycle-life and low-cost.
Chinese energy storage battery enterprises have become the world's largest energy storage battery manufacturers. 2024 global energy storage battery capacity was approximately 500 GWh, with Chinese enterprises accounting for over 90% capacity. CATL, BYD and other leading enterprises have global-leading production scale.
Chinese enterprises have built up a large export network as almost all of the overseas market is served by Chinese ESS batteries. Source: itdcw, SMM, GGII, EVTANK
CATL leads with 42% market share, with BYD following at 25%, together accounting for 67% of the market. The top five enterprises account for about 90% of the market, showing extremely high industry concentration. Technologically, Chinese enterprises lead in LFP long-cycle-life batteries, liquid cooling technology, and energy management systems. CATL's latest energy storage batteries have a cycle life exceeding 10,000.
Extracted from the PDF; charts and images may read imperfectly.
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