Foreign Media: China's power market reform and the global data center construction boom are driving the battery industry's vigorous development.
The global shipment of lithium-ion battery energy storage units in China is expected to grow by 75% this year, with exports exceeding $65 billion, consolidating its leading position in supporting wind power, solar power, and data center power supply.
Domestic demand growth mainly comes from data centers and renewable energy, while China's reforms and subsidies have also stimulated storage demand. Internationally, data center expansion, aging European power grids, and renewable energy projects in the Middle East are driving demand increases.
China's six top battery suppliers are all global leading companies, holding most of the global market share. China's battery energy storage capacity has exceeded traditional pumped hydro storage, and with policy reforms, the operating hours of energy storage power plants have increased, improving profit models.
Original article: toutiao.com/article/1852175608068236/
Statement: This article represents the views of the author himself.