Zheng Quan Shi Bao·2025-11-12 18:32Core Insights - The storage industry in China is experiencing high prosperity due to the combined effects of policies, market dynamics, and technological advancements [1] Group 1: Company Performance - Kelu Electronics reported a significant increase in revenue and net profit for the first three quarters of 2025, with net profit rising by 251.1% to approximately 232 million yuan [2] - Kelu Electronics attributes its growth to the increasing penetration of renewable energy, declining storage costs, and surging demand for grid auxiliary services [2] - Keda's revenue for the first three quarters reached 3.609 billion yuan, a year-on-year increase of 23.93%, with net profit approximately 446 million yuan, up 24.93% [3] Group 2: Market Trends - The global storage market is expected to maintain high growth, with China leading in new storage installations, followed by the U.S. [2] - The demand for data centers is rising, and integrating storage systems can help reduce grid capacity and stabilize power fluctuations [2][3] - The global battery shipment ranking for 2024 shows Chinese companies dominating the top ten, with CATL leading the market share [3] Group 3: Expansion and Globalization - Companies are accelerating production expansion and global development, with CATL indicating that its domestic storage market is growing rapidly and production capacity is being expanded [4] - Kelu Electronics is establishing a storage production base in Indonesia with an initial planned capacity of 3 GWh, set to commence production in 2026 [4] - Companies like Kelu Electronics, BYD, and CATL are enhancing their global business strategies and focusing on differentiated competition in various markets [4] Group 4: Technological Advancements - The industry is accelerating technological iterations and system innovations, actively exploring solid-state batteries and sodium-ion batteries to meet diverse global storage market demands [5] Group 5: Future Outlook - By 2027, China's new storage installation capacity is projected to exceed 180 million kilowatts, driving direct project investments of approximately 250 billion yuan [6] - The storage industry is expected to face challenges, including the need for high safety standards in large-scale storage systems and geopolitical risks affecting global market expansion [7]