3 6 Ke·2025-11-14 07:39Core Insights - The article highlights the rapid transformation of China's energy storage industry, with companies like CATL and EVE Energy leading the global market by 2025, overtaking established players like Samsung and LG Chem [1][10]. Industry Overview - By 2025, China is projected to dominate the global energy storage cell market, capturing all top ten positions, a significant shift from 2020 when Samsung and LG Chem were the leaders [1]. - The energy storage market has seen a dramatic change, with a shift from residential to industrial demand, driven by the growth of renewable energy sources [6][12]. Technological Advancements - Chinese companies have focused on safety, cost-effectiveness, and longevity in energy storage technology, opting for lithium iron phosphate (LFP) batteries over the higher energy density ternary lithium batteries favored by Korean firms [3][10]. - Innovations such as CATL's CTP technology and BYD's blade battery have significantly improved the energy density of LFP batteries, making them more competitive [9][10]. Market Dynamics - The global energy storage battery shipment is expected to reach 369.8 GWh in 2024, with Chinese companies accounting for 93.5% of this volume, reflecting a 2.6% increase year-on-year [10]. - The demand for energy storage solutions is expected to surge due to the rapid growth of renewable energy installations in China, which are projected to reach 2.1 billion kW by mid-2025 [12][14]. Competitive Landscape - The article emphasizes the competitive advantage of Chinese energy storage companies, which have successfully leveraged technological breakthroughs and market shifts to challenge the dominance of Korean firms [14]. - The transition from a previously marginalized position to a leading role in the global market illustrates the resilience and innovation of Chinese companies in the energy storage sector [14].