中韩电池竞争，从电动汽车打到储能

Core Viewpoint - The recent massive power outage in the Iberian Peninsula highlights the increasing importance of energy storage systems in managing the growing energy demands from AI hardware, electric vehicles, and clean technologies [1][3]. Energy Storage Market Overview - The global battery storage capacity is projected to grow by 52% between 2023 and 2024, with total storage capacity expected to double from 340 GWh to 760 GWh by 2030, equivalent to the battery capacity of 7.6 million electric vehicles [3][4]. - Currently, energy storage systems account for 20% of the global battery market, up from 5% in 2020 [3]. Competitive Landscape - China dominates the global energy storage market, holding nearly 90% of the global storage system capacity, with over 80% market share in the U.S. and over 75% in Europe [4]. - CATL, a leading Chinese battery manufacturer, captures 90% of the industry's total profits and is expected to double its production capacity from 684 GWh to 1.5 TWh by 2027, with a compound annual growth rate of approximately 30% [12]. Technological Advancements and Challenges - The shift towards energy storage is seen as a critical factor for companies like Tesla, which relies on energy storage systems to offset declining electric vehicle sales [7]. - Despite the advancements in Chinese battery technology, Korean manufacturers, which previously led the market with high-nickel batteries, are facing challenges due to safety incidents and declining profit margins [9][12]. Future Outlook - The increasing domestic demand for electric vehicles in China, projected to reach nearly 13 million units in 2024, supports the growth of local battery manufacturers [12]. - Chinese battery manufacturers are expanding their production bases in Southeast Asia to further reduce costs and increase capacity [13].