中国电池材料：与 ICC 鑫椤专家电话会议要点-China Battery Materials_ Takeaways from Expert Call with ICCSINO on ESS

Summary of Key Points from ICCSINO Expert Call on Energy Storage Systems (ESS) Industry Overview - Industry: Energy Storage Systems (ESS) - Company: ICCSINO Core Insights 1. Global ESS Battery Shipment: - In the first half of 2025, global ESS battery shipments reached 258 GWh, representing a 106% year-over-year increase. - Projections for global ESS battery shipments are 550 GWh in 2025 and 650 GWh in 2026, indicating growth rates of 57% and 18% respectively [2][3]. 2. ESS Battery Demand: - Demand for ESS batteries has been revised upward for 2025 due to strong orders in Northwest China and lower battery prices. - Emerging markets, particularly Australia and Southeast Asia, are experiencing robust demand, with shorter delivery times of approximately 6-8 months compared to 1 year in traditional markets like the US and Europe [3]. 3. China ESS Battery Pricing: - The price of ESS batteries in China has increased by approximately Rmb 0.02/wh for leading producers during June to July 2025, driven by high utilization rates and strong orders [4]. 4. Overseas ESS Battery Pricing: - The price disparity between Chinese and overseas ESS battery cells is primarily due to higher warranty fees in overseas markets. - Prices in the US, Europe, and Australia range from Rmb 0.9-1.0/wh, yielding gross profit margins of over 40%, while prices in the Middle East and Southeast Asia are lower at Rmb 0.5-0.6/wh, resulting in 10-20% gross profit margins. - Expectations indicate a potential decrease in overseas ESS battery system prices, particularly in Europe and Australia, due to increased competition and lower entry barriers [5]. 5. US Market Dynamics: - With capacity additions from Korean battery producers, it is anticipated that the market share of Chinese ESS battery producers in the US may decline starting in 2026 [6]. 6. Sodium-Ion Battery Outlook: - The adoption of sodium-ion batteries in the ESS market is expected to be slower than previously anticipated due to high costs [6]. Additional Important Insights - The strong demand in emerging markets and the upward revision of demand forecasts highlight significant growth potential in the ESS sector, particularly in regions with favorable pricing and shorter delivery timelines. - The competitive landscape is evolving, with potential pricing pressures in overseas markets that could impact profit margins for producers. - The anticipated decline in market share for Chinese producers in the US market underscores the importance of monitoring competitive dynamics and technological advancements in the battery sector.