The domestic energy storage battery shipments grew fastest

Which energy storage company has the most battery deliveries in the world?

CATL has ranked first globally in terms of battery deliveries for energy storage since 2021 with more than 40% of the global market share, according to its annual report. It counts among its major clients state-owned power companies such as Huaneng as well as top energy storage system manufacturers including Sungrow Power Supply.

Which energy storage battery companies grew the most last year?

Smaller players EVE, REPT, and HITHIUM also saw more than 100% growth in their energy storage battery sales last year, with 11%, 8%, and 7% of the 185 GWh global market, respectively. (Reporting by Zhang Yan and Colleen Howe; Editing by Lincoln Feast.) Copyright 2024 Thomson Reuters.

Who makes ESS batteries in China?

CATL, China’s leading battery producer, reported faster growth in ESS battery deliveries compared to EV batteries, both domestically and internationally. Since 2021, CATL has led global ESS battery shipments, capturing over 40% of the market.

Are China's EV batteries outpacing EV market growth?

Major Chinese battery producers report significant increases in ESS battery deliveries, outpacing growth in the EV battery sector amid slowing EV market growth.

Will CATL sell energy storage batteries in 2021?

Energy storage batteries accounted for 17.6% of CATL's total battery sales volume, up from 12.5% in 2021. CATL will also supply battery cells and packs to Tesla's export-oriented Megapack storage plant in Shanghai, which will start production in early 2025 with plans to export, according to a person familiar with the matter.

How did BYD's EV battery market perform last year?

By comparison, BYD's EV battery shipments totalled 135 GWh last year. Smaller players EVE, REPT, and HITHIUM also saw more than 100% growth in their energy storage battery sales last year, with 11%, 8%, and 7% of the 185 GWh global market, respectively.