Core Viewpoint - The article discusses the upcoming 2025 Fifth Electric Vehicle Battery Swap Conference and the growth of long-duration energy storage, particularly focusing on flow batteries and their market potential in China. Group 1: Event Details - The event theme is "Swap Battery City, Smart Two-Wheelers" and will take place on July 10-11, 2025, at the Shenzhen Baoan DENGXILU International Hotel [2] - The event is sponsored by various companies including Yadi Technology Group, Tailing Group, and others, indicating strong industry support [2] Group 2: Market Growth and Projections - In 2024, China's newly installed capacity of long-duration energy storage flow batteries is expected to reach 2.43 GWh, a year-on-year increase of 834.6% [2] - The projected new installed capacity for long-duration energy storage flow batteries in 2025 is 5.6 GWh, representing a year-on-year growth of 130.5% [3] Group 3: Technology and Cost Trends - The average bid price for long-duration energy storage flow battery systems (≥ 4h) in 2024 is 2.11 RMB/Wh, a decrease of approximately 20% from 2023 [5] - By 2026, the average bid price is expected to drop below 2.0 RMB/Wh, and by 2030, it may fall below 1.0 RMB/Wh [5] Group 4: Emerging Business Models - The introduction of an electrolyte leasing model has been noted, which can reduce initial investment costs by over 20% for projects [5] - The "flow + lithium" hybrid storage model is gaining traction, combining the rapid response of lithium batteries with the long-duration capacity of flow batteries [8] Group 5: Industry Trends - The trend of companies expanding overseas is becoming significant as the domestic new energy storage market becomes increasingly competitive [9] - The establishment of a closed-loop economy for vanadium resources is being developed, integrating raw materials, new materials, and new energy [8]