Group 1 - BYD Energy has signed a storage order agreement with Grenergy to supply a 3.5GWh energy storage system for the Atacama Oasis Project in northern Chile, which is one of the largest electrochemical storage projects globally [1] - The Atacama Oasis Project has a total storage capacity of 11GWh and a total investment of $2.3 billion, with phases 1-3 having a capacity of 3GWh supplied by BYD [1] - The latest collaboration brings the total cooperation volume between BYD and Grenergy to 6.5GWh, with BYD providing 624 units of the MC Cube-T BESS for the Elena solar storage station [1] Group 2 - The MC Cube-T BESS, launched in April 2024, features a capacity of 6.432MWh and improvements in energy efficiency, with a maximum energy increase of 35.8% compared to the previous generation [2] - BYD has secured multiple large storage projects overseas in 2024, including a 12.5GWh project with Saudi Electricity Company, bringing the total cooperation volume to 15.1GWh [2] - The company has also delivered 120 units of the MC Cube-T storage system for a project in Guangxi, which is expected to be completed by the first quarter of 2026 [2] Group 3 - BYD's projects in Saudi Arabia and Chile have successfully connected to the grid, with additional projects under construction, such as the "Víctor Jara" solar storage plant in the Tarapacá region [3] - The global energy storage market is becoming increasingly competitive, particularly in the lithium battery storage sector, with a decrease in market concentration as new players enter [3] - In 2024, the global shipment of lithium battery cells for energy storage is projected to reach 435.8GWh, with a year-on-year growth of 81%, but the market concentration ratio (CR5) is expected to decline by 5% compared to 2023 [3] Group 4 - Major companies in the energy storage sector have signed multiple large contracts in 2024, indicating a shift from battery cell manufacturers to system integrators [4] - The competitive landscape of the global lithium battery market is expected to continue evolving due to various factors, including delivery cycles and international trade policies [4]