近期，斯塔默完成了八年来英国首相的首次访华。中英双方围绕气候变化与能源合作举行高层会晤，重 点就可再生能源、低碳技术协作达成共识。此次会晤，为两国能源领域的深度联动奠定了良好基础。 随着能源转型加速与可再生能源占比提升，储能作为平衡电网、保障消纳的关键环节，已成为全球竞逐 的战略高地，而英国正凭借爆发式增长，成为欧洲储能市场的核心引擎，其背后，中国储能企业扮演着 不可或缺的关键角色。 2025年前三季度，英国以"125%"的增长率一跃成为欧洲储能最强劲的增长区域，一举超越德国与意大利 等其他欧洲国家。 与国内市场相比，海外市场对于交付的要求更为刚性，也对企业的本土化产能和供应链布局、运营与售 后服务体系建设等提出更高要求，这些要素将决定企业是否能在海外竞逐中掌握更大的主动权。 而据24潮产业研究院 （TTIR） 不完全统计，2025年，宁德时代、比亚迪、远景动力、海辰储能、亿纬 锂能、瑞浦兰钧等10家储能巨头在全球范围内签订储能订单合计约为142.53 GWh。在这10大巨头中，从 国家/地区签约规模看，远景位居英国第一、宁德位居中东、澳大利亚第一、海辰则获得亚洲 （不包含 中国储能订单） 第一。 根据市场公 ...

"绕开中国，做世界第一。" 2016年10月，Northvolt（北方伏特）创始人皮特·卡尔森放出豪言壮语，决心让欧洲站上世界动力电池之 巅。 一时间，欧洲人心攒动，大众押注，高盛跟投，宝马、沃尔沃排队送上订单大礼，合同总额飙升到550 亿美元，估值一度冲上200亿美金。 但他恐怕不会预料到，不到10年之后，这家寄托着欧洲"全村希望"的本土明星企业，如今无奈破产，沦 为梦幻泡影。 "贫瘠的土壤长不出鲜艳的花朵"，孱弱的供应链、匮乏的产业工人、薄弱的锂电工业体系、以及缺乏成 体系的政策支撑，这场豪赌注定失败。 Northvolt的诞生是欧洲锂电产业被逼到危墙之下的无奈选择。 "欧洲要敲响警钟"、"欧洲必须觉醒"，面对中国新能源汽车产业的飞速崛起，法国总统马克龙曾在多个 汽车论坛或车展上发出肺腑之言。 欧洲拥有近140年的汽车工业历史，也是现代汽车工业的发源地，这里孕育了奔驰、大众、宝马等享誉 世界的汽车品牌，代表着人类汽车工业的最高水平。 然而，在汽车电动化的历史转轨时刻，欧洲落后了，而且是全方面、全产业链的滞后。 早在2014年，我国动力锂电池市场占有率就反超日韩，首次登顶全球榜首；三年后，宁德时代装机量反 ...

Industry Overview - China is playing a crucial role in the global energy storage sector, with a significant share of green low-carbon patent applications, accounting for 48.28% of the total [2] - The energy storage field is identified as the strongest growth engine, with a projected 29.9% year-on-year increase in global patent applications in 2024 [2] - Technological innovation is a key driver for the sustainable development of the energy storage industry and the broader renewable energy sector [2] Company Achievements - CATL has invested a total of 868.84 billion yuan in R&D from 2014 to the first three quarters of 2025, representing 5.20% of its revenue, leading the industry in R&D investment [7] - As of June 2025, CATL has over 49,347 patents, with 29,709 in China and 19,638 overseas, showcasing its strong technological foundation [8] - CATL has announced the mass production of a 587Ah large-capacity energy storage cell and the world's first 9MWh super-large energy storage system solution, significantly enhancing performance metrics [8] Technological Innovations - Huawei has launched the FusionSolar 9.0 intelligent string-type energy storage solution, which supports various operational capabilities and enhances grid stability [12] - The company has also developed an AI-driven energy management system that optimizes the entire lifecycle of power plants, improving operational efficiency by 50% [13] - BYD's new energy storage product "Hao Han" features the world's largest 2710Ah blade battery, achieving over 300% capacity improvement compared to conventional batteries [16] Emerging Leaders - The "Top Ten Technology Leaders in China's Energy Storage" initiative aims to recognize influential figures in the energy storage sector, highlighting their contributions to the industry [4] - The focus is on showcasing the achievements of these leaders and their role in advancing China's energy storage capabilities [4] Market Trends - The energy storage market is witnessing a shift towards larger capacity solutions, with companies like EVE Energy and Gotion High-Tech introducing innovative products that enhance energy efficiency and reduce costs [26][29] - The trend towards integrated energy solutions is evident, with companies developing systems that combine energy storage with advanced management technologies to meet diverse market needs [20][24]

Core Viewpoint - Technological innovation is a crucial driving force for the sustainable development of the energy storage industry, impacting various sectors such as large-scale battery cells, long-duration energy storage, and grid-connected energy storage [2]. Group 1: Technological Innovation in Energy Storage - China's investment in energy storage technology and talent has been steadily increasing, with R&D spending expected to reach nearly 100 billion yuan by 2025, nearly doubling from five years ago [2]. - The number of R&D personnel has surpassed 200,000, and the number of patents has exceeded 100,000, indicating a growing foundation and strength in technological innovation [2]. - The competitive landscape is characterized by intense price wars, which may hinder R&D investments and innovation momentum in the technology sector [2]. Group 2: Future Competitiveness of Enterprises - The 24潮产业研究院 (TTIR) emphasizes that only companies with global layout capabilities, strong market expansion, financial health, and significant brand influence will have the potential for sustainable growth [3]. - Starting in 2026, TTIR will release a ranking of the top 10 Chinese energy storage companies based on their technological innovation capabilities across seven primary dimensions and 20 secondary dimensions [3]. Group 3: Ranking of Technological Innovation - The ranking will assess companies based on R&D investment, foundational strength, innovation outcomes, commercial promotion capabilities, product competitiveness, achievements, and leading layouts [4]. - The scoring breakdown for the ranking includes 45% for R&D investment, 15% for foundational strength, 10% for innovation outcomes, and various other dimensions [4]. Group 4: Top 10 Energy Storage Companies by Innovation - The top-ranked companies for technological innovation include BYD, CATL, and Sungrow, with scores reflecting their R&D investment, innovation outcomes, and product competitiveness [7]. - BYD scored 87.49, followed by CATL with 81.90, and Sungrow with 81.00, showcasing their leadership in the energy storage sector [7]. Group 5: Detailed Scoring Metrics - The detailed scoring metrics for R&D investment show that BYD leads with a score of 95.42, while CATL and Sungrow follow with scores of 83.12 and 78.33, respectively [9]. - In terms of innovation outcomes, Sungrow leads with a score of 86.88, followed closely by BYD and CATL [11]. - The foundational strength scores indicate that Sungrow also leads in R&D personnel metrics, highlighting its commitment to innovation [13].

Core Viewpoint - The lithium carbonate market is experiencing significant fluctuations due to supply-demand dynamics, with prices showing a "V-shaped" trend in 2025, initially declining to a low of 58,000 yuan/ton before rebounding to around 120,000 yuan/ton by year-end [2][4][5]. Group 1: Market Dynamics - In 2025, lithium carbonate prices surged by 200.77% from their low, driven by supply constraints from regulatory changes and increased demand from energy storage [2]. - The first half of 2025 saw a decline in lithium prices due to weak consumption and falling overseas mining costs, while the second half experienced price increases due to supply concerns and unexpected demand from energy storage [2][4]. - The global lithium resource supply structure is highly concentrated, with Australia, South America, and China being key players, while Africa is emerging as a significant growth area [6][12]. Group 2: Supply and Production - In 2025, global lithium resource production is expected to increase significantly, with new projects coming online, particularly in China and Africa, while production in South America is anticipated to slow down [19][22]. - The total new lithium production capacity from 2023 to 2025 is projected to be 132.2 million tons, primarily from domestic salt lake projects and lithium spodumene production [19][20]. - By 2026, the lithium supply is expected to peak, with a potential shift towards a supply shortage by 2027 due to insufficient new projects [22][42]. Group 3: Demand Trends - The demand for lithium is expected to grow, particularly in the electric vehicle and energy storage sectors, with the latter's share of lithium demand increasing from 11% in 2023 to 15% in 2025 [25][36]. - In 2025, China's new energy vehicle sales are projected to reach 16.78 million units, with a significant portion being electric vehicles, supported by government incentives [26][29]. - The global energy storage market is also experiencing rapid growth, with China's new energy storage installations expected to reach 135 GWh in 2025, reflecting a 23% year-on-year increase [36][40]. Group 4: Regulatory and Policy Impact - Regulatory changes in various countries, including China and Nigeria, are impacting lithium mining operations, with Nigeria tightening regulations on illegal mining and China adjusting export tax policies [12][13][44]. - The Chinese government is implementing policies to support the recycling and replacement of old vehicles, which is expected to bolster the demand for new energy vehicles and, consequently, lithium [26][44]. - The anticipated reduction in export tax rebates for battery products in 2026 may lead to increased production and demand for lithium resources in the short term [44].

Core Insights - Chinese energy storage companies are rapidly expanding their overseas orders, with a total expected scale of nearly 284.26 GWh by 2025, which is 3.49 times the new installed capacity of 81.5 GWh in 2024 [2] - The leading regions for these orders are Europe (61.82 GWh), Australia (53.91 GWh), and Asia (excluding China) (51.50 GWh) [2] - Notable companies include CATL, which leads in Australia, the Middle East, and North America, while Hicharge Energy leads in Europe and Asia [2] Company Rankings - The top three companies by overseas order volume are: - CATL: 56.9 GWh - Hicharge Energy: 34.01 GWh - Star Charge: 33.74 GWh [2][5] - Other significant players include BYD (19.7 GWh), Trina Solar (16.613 GWh), and Yanshan Energy (12.56 GWh) [5][6] Regional Breakdown - The order distribution by region shows: - Europe: 61.82 GWh - Australia: 53.91 GWh - Asia (excluding China): 51.50 GWh - North America: 46.57 GWh - Middle East: 42 GWh - South America: 24.21 GWh - Africa: 4.37 GWh [2][5] Notable Contracts - Hicharge Energy signed a strategic cooperation agreement for a 1 GWh energy storage system with Energy 3000 in Europe [8] - Yanshan Energy has signed contracts for over 5 GWh of storage projects in Poland [8] - CATL has agreements for 3 GWh of battery storage systems in Australia with various partners [16][21]

Core Viewpoint - Huawei's entry into the energy storage sector has positioned it as a significant player, leveraging its ICT technology and extensive industry experience to reshape the market landscape and achieve global recognition [2][9][19]. Group 1: Huawei's Strategic Moves - In 2021, Huawei established a digital energy subsidiary with an investment of 3 billion yuan, marking a significant commitment to the digital energy sector [4]. - Huawei's organizational restructuring included the formation of various "legion" teams targeting emerging markets, emphasizing the importance of the digital energy segment as a business engine [5]. - The digital energy business has become Huawei's third-largest revenue source, contributing 8% to the total revenue of 862.1 billion yuan in 2024 [5]. Group 2: Market Position and Achievements - Huawei has become a dominant player in the photovoltaic inverter market, achieving the top position globally in 2015 and maintaining a strong presence since then [6][19]. - In the energy storage sector, Huawei ranked as the fifth-largest company globally by shipment volume in the first three quarters of 2025, with a year-on-year growth of 84.7% [10]. - Huawei's significant project in Saudi Arabia, the 1,300 MWh energy storage project, is the largest off-grid storage project globally, showcasing its capabilities in large-scale energy solutions [9][10]. Group 3: Technological Innovations - Huawei's advancements in inverter technology, particularly the string inverter, have set industry standards, with a market share exceeding 50% in key projects [20]. - The company has introduced a grid-forming energy storage technology that enhances system stability and efficiency, positioning itself as a leader in the integration of AI and energy management systems [24][29]. - Huawei's focus on software and system integration, rather than manufacturing core components like battery cells, differentiates it from competitors and allows for a unique market approach [38]. Group 4: Global Expansion and Partnerships - Huawei has established strategic partnerships in various regions, including Europe and Southeast Asia, to enhance its market presence and adapt to local energy structures [36][37]. - The company has secured multiple international contracts, including a 132 MWh project in Denmark and a 12 MWh project in Cambodia, demonstrating its commitment to global expansion [31][32]. - Huawei's approach combines technology, localization, and collaboration with local contractors to efficiently penetrate new markets [36]. Group 5: Industry Challenges and Competitive Landscape - The energy storage industry is facing intense competition, with major players like Tesla and BYD rapidly advancing, posing challenges for Huawei [39]. - Supply chain dependencies, particularly regarding battery cells, present risks that could impact Huawei's operational reliability and cost management [40]. - Regulatory challenges and geopolitical tensions may affect Huawei's ability to compete in international markets, especially in light of restrictions imposed by the U.S. and other countries [41].

Group 1 - The core viewpoint of the article highlights the intensifying competition in the global energy storage market, particularly driven by Chinese companies, which have signed overseas orders totaling approximately 280.35 GWh, significantly surpassing the new installed capacity of 81.5 GWh in 2024 [2][3] - The article discusses the impact of Western countries, led by the US and Europe, implementing trade policies aimed at increasing the costs of "Made in China" products to curb the competitiveness of Chinese energy storage solutions [2] - The historical context of the energy storage industry is provided, noting that it has undergone multiple economic and policy cycles, leading to both the rise and fall of numerous companies [3] Group 2 - The analysis from 24潮产业研究院 (TTIR) suggests that only companies with global layouts, strong market expansion capabilities, financial health, and significant brand influence will thrive in the future [3] - Major technology companies like Tesla, Huawei, BYD, and CRRC are increasingly penetrating the energy storage sector, which is expected to have a profound impact on the future landscape and development trends of the industry [3][4] - Starting in 2025, TTIR plans to release a "Top 10 Most Competitive Global Energy Storage Companies" ranking, evaluating companies based on five primary dimensions and various sub-dimensions to provide insights into their competitive strengths [4][6] Group 3 - The ranking will focus on key players in the energy storage industry, assessing their global influence, sustainability, technological innovation, operational management, and capital control [4][6] - The article includes a detailed breakdown of the evaluation criteria, with global industry influence accounting for 42%, sustainability for 22%, technological innovation for 12%, operational management for 12%, and capital control for 12% [6][7] - The preliminary rankings for the most competitive companies in the energy storage sector include Huawei, Tesla, BYD, and CATL, with Huawei leading at a score of 85.36 [9][19]

Group 1 - The core viewpoint of the article highlights the intensifying competition in the global energy storage market, particularly driven by Chinese companies, which have signed overseas orders totaling approximately 280.35 GWh, significantly surpassing the new installed capacity of 81.5 GWh in 2024 [2][3] - The article discusses the impact of Western countries, led by the US and Europe, implementing trade policies aimed at increasing the costs of "Made in China" products to curb the competitiveness of Chinese energy storage solutions [2][3] - The historical context of the energy storage industry is provided, noting that it has undergone multiple economic and policy cycles, leading to both the rise and fall of numerous companies [3][4] Group 2 - The analysis emphasizes that only companies with global layouts, strong market expansion capabilities, financial health, and significant brand influence will have the potential for sustainable growth in the energy storage sector [3][4] - The article introduces the "Top 10 Most Competitive Global Energy Storage Companies Ranking," which will evaluate companies based on five primary dimensions and various sub-dimensions, focusing on their influence and sustainable development [4][6] - The ranking will be based on comprehensive metrics including total assets, revenue, market capitalization, and innovation capabilities, providing a detailed view of the competitive landscape [6][9] Group 3 - The ranking results show that Huawei leads with a score of 85.36, followed by Tesla at 79.38, and BYD at 75.84, indicating the competitive strengths of these companies in the energy storage market [9][21] - The evaluation criteria include global industry influence (42%), sustainable development (22%), technological innovation (12%), management efficiency (12%), and capital control (12%) [6][21] - The detailed metrics for each company include total assets, revenue growth, net profit, and R&D expenditures, which are critical for assessing their competitive positions [22][25]

Core Viewpoint - The article highlights the increasing challenges faced by Chinese companies in the lithium battery sector due to aggressive trade policies and regulations from the US and Europe, which aim to curb China's competitive edge in the global market [3][14][27]. Group 1: Industry Challenges - Chinese battery manufacturers, including companies like CATL and Guoxuan High-Tech, are experiencing project suspensions in the US due to the "One Big Beautiful Bill" and other restrictive policies [3][22][25]. - The US has implemented the Inflation Reduction Act (IRA), which provides significant subsidies for domestic production while imposing strict requirements on foreign entities, particularly targeting Chinese companies [14][15][19]. - The European Union is also enacting measures to limit reliance on Chinese products, including tariffs on electric vehicles and stringent local content requirements for battery production [21][28]. Group 2: Market Position and Performance - By October 2025, Chinese companies are projected to hold six out of the top ten positions in the global power battery market, capturing 69% of the market share, with CATL alone accounting for 38% [8][9]. - The Chinese lithium battery industry has established a comprehensive supply chain, from raw materials to recycling, solidifying its dominant position globally [10][36]. - Despite facing external pressures, the growth of Chinese lithium battery exports has been significant, increasing from 35.9% in 2017 to an expected 54.9% by 2024 [34]. Group 3: Strategic Responses - In response to the restrictive policies, Chinese companies are exploring joint ventures and restructuring ownership to comply with US regulations, as seen with Canadian company Canadian Solar's strategy in the US [22][24]. - The article notes that the US's attempts to localize production and reduce dependency on Chinese technology may ultimately backfire, as American companies currently lack the capacity and technology to replace Chinese suppliers [28][37]. - The ongoing geopolitical tensions and trade barriers are likely to hinder the development of the US renewable energy sector, potentially diminishing its global competitive advantage [37].