Core Viewpoint - The article highlights the rapid growth of the global energy storage market in 2024, with a new installed capacity of 188.5 GWh, representing an 80% year-on-year increase. However, it also points out the severe market competition and product homogenization, with BYD Energy leading the market in terms of shipment volume for energy storage systems [3][12]. Group 1: BYD Energy's Market Position - BYD Energy has demonstrated strong competitiveness by continuously upgrading its energy storage systems, particularly the Cube system, which has secured the top position in China's energy storage system (DC side) global market shipment volume [3][12]. - The company has successfully won significant contracts in overseas markets, including a 2.5 GW/12.5 GWh super energy storage project for Saudi Arabia, marking it as the largest grid-side energy storage project globally [10][12]. - BYD's energy storage products have been exported to over 110 countries and regions, providing solutions for more than 360 projects, with over 75 GWh of commercial operation experience by the end of 2024 [18][19]. Group 2: Technological Advancements - The Cube system has undergone rapid iterations, with the latest version, MC Cube-T, launched in April 2024, featuring a capacity upgrade to 6.432 MWh and significant improvements in energy efficiency [22][28]. - BYD Energy has achieved a high level of safety for its products, being the first Chinese company to complete large-scale fire tests under CSA standards, demonstrating its commitment to product safety [23][28]. Group 3: Manufacturing and Supply Chain - BYD Energy's manufacturing capabilities are centered in Shengzhou, Zhejiang, where a world-class energy storage manufacturing center is being established to support large-scale project execution [31][32]. - The company has invested significantly in its Shengzhou facility, with a total investment of 130 billion yuan for its energy storage battery project, which has been completed in a remarkably short time frame [32][36]. Group 4: Strategic Expansion - BYD Energy is not only focusing on emerging markets like the Middle East and South America but also maintaining a strong presence in developed markets such as Europe and North America [17][18]. - The company’s strategy combines technological leadership, large-scale manufacturing, and a systematic approach to project execution, which has enabled it to continuously expand its market share and maintain its competitive edge [38][39].

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