As of October 18, 2024, the leading companies in the Chinese energy storage battery industry include Ningde Times, BYD, Yiwei Lithium Energy, Guoxuan High-Tech, Penghui Energy, and Southern Power. Among these, Ningde Times stands out in terms of market share and research capabilities.
According to reports, the energy storage battery sector is experiencing significant growth, with a market size exceeding one trillion yuan. Notable companies in this field include:
- Sungrow Power Supply: A leader in domestic new energy EPC system integration, Sungrow began its foray into energy storage in 2006 and has ranked first in the domestic energy storage inverter market since 2019.
- Ningde Times: The company’s first-generation sodium-ion batteries have started commercial collaborations with automakers and storage customers.
- Shengyang Co., Ltd.: Among the earliest companies to independently develop and produce energy storage products.
Ningde Times focuses primarily on lithium iron phosphate battery cells for energy storage. The company is also working on sodium-ion batteries, which are expected to enter mass production in 2023. Its partnerships include collaborations with Yongfu Co., Ltd., State Grid Corporation, Cloud Era, Kosida, and ProLogis.
In terms of energy storage systems, the BluE-S series from Ningde Times and Kosida Technology Co., Ltd. features an integrated design with Ningde Times’ lithium iron phosphate cells, ensuring stability and safety through a tri-layer protection system. This modular design allows for quick installation, requiring only one person to handle and set up the system.
The energy storage battery market is witnessing explosive demand, with the top ten energy storage technology providers in the global market for 2021 being: Ningde Times, Penghui Energy, BYD, Yiwei Power, Pylon Technologies, Guoxuan High-Tech, and Haijie New Energy.
In 2022, Ningde Times sold 700 million yuan worth of energy storage batteries to Kosida, a staggering increase from just 1.5 million yuan in 2021, representing a growth of 45.7 times. This significant rise underscores the thriving nature of the energy storage sector.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/leading-players-in-chinas-energy-storage-battery-industry-catl-byd-and-more/
