CATL(SZ:300750) 行家说储能·2025-06-18 10:56Core Viewpoint - The establishment of a joint venture between China Petroleum Group Jichai Power Co., Ltd. and Contemporary Amperex Technology Co., Limited (CATL) aims to enhance their presence in the lithium-ion battery energy storage system market in China, leveraging each other's technological strengths to expand in the renewable energy sector [1][2]. Group 1: Joint Venture Details - The joint venture will be primarily engaged in the production and manufacturing of lithium-ion battery energy storage systems, with Jichai Power holding 60% and CATL holding 40% of the equity [1]. - In terms of market share, both companies are projected to have a combined market share of 0-5% in the lithium-ion battery energy storage system market in China by 2024 [1]. Group 2: Historical Collaboration - CATL has previously been awarded contracts for Jichai Power's liquid-cooled battery system projects, indicating a long-standing collaborative relationship [2]. - The partnership aims to further explore strategic cooperation in areas such as energy storage and photovoltaic charging [2]. Group 3: Industry Positioning - CATL has been actively forming partnerships with major state-owned enterprises to establish a robust energy storage ecosystem, which includes joint ventures and collaborations in various sectors [3]. - The joint venture is expected to enhance Jichai Power's energy storage strategy, providing a stable supply of batteries and accelerating technology implementation and market expansion [7]. Group 4: Technological Advancements - CATL has recently announced the mass production of the 587Ah cell, which is anticipated to set new standards in large-capacity energy storage cells [6]. - The integration of advanced storage technologies, including the 587Ah cell, into the joint venture's operations is highly anticipated [6]. Group 5: Jichai Power's Strategic Developments - Jichai Power has been actively developing new energy storage solutions, with a production capacity of 4GW for direct current systems by 2024 [7]. - The company has launched several energy storage projects, including a 2GWh storage PACK production line and a mobile energy storage system for drilling applications [7][8]. Group 6: Procurement Activities - Jichai Power has issued multiple procurement notices related to energy storage systems, indicating a strong commitment to expanding its capabilities in this sector [8]. - Recent procurement activities include a 1200MWh liquid-cooled energy storage system, with CATL being a key supplier for several projects [10].