CATL(SZ:300750) Mei Ri Jing Ji Xin Wen·2025-09-17 04:12Core Viewpoint - The speech by the chairman of CATL at the "2025 World Energy Storage Conference" highlighted the rapid growth and challenges of China's energy storage industry under the "dual carbon" strategy, emphasizing the need for high-quality development amidst various industry challenges [1][2][4]. Industry Overview - China has become the world's largest energy storage market, with new energy storage installations expected to exceed 100 million kilowatt-hours in 2024 [1]. - A series of policy documents have set a target for new energy storage installations to reach over 180 million kilowatts by 2027 [1]. Challenges Faced by the Industry - Safety Risks: Increased operational frequency of energy storage systems raises safety concerns, particularly for independent storage stations that cannot afford downtime [1]. - Intense Price Competition: The price of energy storage systems has dropped by approximately 80% over the past three years, leading to reduced profit margins for companies and unsustainable pricing strategies [1]. - Misleading Product Claims: Some companies focus on marketing rather than R&D, resulting in products that do not meet promised performance standards, with actual lifespans sometimes falling below 25% of what was guaranteed [2]. - Technological Homogeneity: Many companies opt for shortcuts by copying existing technologies instead of pursuing independent innovation [2]. - Disorderly Expansion: Over 300,000 registered energy storage companies exist, leading to market saturation and the emergence of "orphaned stations" where closed companies leave their facilities unmaintained [4]. Recommendations for High-Quality Development - Prioritize Safety: Safety must be the foundation of energy storage development, as accidents could undermine industry trust and investment [4]. - Establish a Credible Market Environment: Authenticity is essential for sustainable development and market participation [4]. - Enhance Intellectual Property Protection: Encouraging innovation through strong IP protection is crucial for the industry's future [4]. - Focus on Zero-Carbon Innovation: The transition to a zero-carbon future necessitates diverse energy storage solutions and higher innovation standards [4].