CATL(SZ:300750) 鑫椤锂电·2025-09-17 07:51Core Viewpoint - The energy storage industry is facing intense price competition, with system prices dropping by approximately 80% over the past three years, leading to potential safety risks and unsustainable business practices [1][2]. Challenges in the Energy Storage Industry - Safety hazards are a significant concern, with 167 major safety incidents reported globally by May this year, highlighting the risks associated with increased usage of energy storage systems [2]. - The price competition is fierce, with recent bidding prices falling below 0.4 yuan/Wh, which deviates significantly from costs and could lead to reduced quality and safety issues [2][3]. - There is a prevalence of false product specifications and misleading marketing, as some companies focus on exaggerating product parameters rather than investing in research and development [2]. - The issue of technological homogeneity is emerging, as many companies opt for shortcuts by copying existing technologies instead of pursuing independent innovation [3]. - The industry is experiencing chaotic expansion, with over 300,000 registered energy storage companies, leading to potential market consolidation and the risk of orphaned energy stations that lack maintenance [3]. Recommendations for High-Quality Development - It is essential to maintain safety as a foundational principle, as safety incidents can undermine industry investment and public trust [5]. - Establishing a credible market environment is crucial for sustainable development, ensuring transparency and reliability for market participants [6]. - Strengthening intellectual property protection is necessary to encourage innovation, as a lack of innovation threatens the industry's future [7]. - Energy storage innovation should align with the zero-carbon future, as the transition to a decarbonized economy demands diverse and advanced storage solutions [7].