South Korean media: China's energy storage system exports are experiencing explosive growth!
On January 23, South Korean media "Global Economy" published an article stating that China's battery industry is shifting from electric vehicles to the energy storage systems (ESS) market.
Driven by the surge in power demand for data centers due to the AI boom and the need for modernization of aging power grids in Western countries, Chinese energy storage batteries are growing in the global market faster than electric vehicle batteries.
Last year, the total export value of electric vehicle and energy storage batteries in China reached 65 billion US dollars. Among them, non-automotive battery sectors saw a year-on-year growth of over 50%, outpacing the automotive sector.
Large tech companies such as Google and Microsoft consume a significant amount of power in their AI data centers. In the United States and Europe, large-scale ESS combined with solar power is seen as the only solution to address power shortages.
Although Tesla leads the finished ESS market, its core components, batteries, are entirely supplied by Chinese companies such as CATL, BYD, and Héchén Energy. In fact, the top six battery suppliers globally are all from China.
China's energy market reforms have also driven this growth. In June last year, China introduced a "market bidding" mechanism for energy storage projects, allowing facility operators to charge during off-peak electricity price periods and discharge during peak periods to earn profits.
China recently announced a massive 35 billion US dollar investment plan aimed at doubling battery energy storage capacity by 2027.
Leading companies such as CATL are deploying intelligent humanoid robots on production lines and implementing 24-hour shift systems to cope with the surge in global orders.
Despite increased regulation of Chinese batteries in the United States and Europe, it is difficult to exclude China from the huge trend of green energy transition.
Experts predict that global battery shipments will reach 800 gigawatt-hours this year. With its technological strength and advantages of economies of scale, Chinese companies will maintain a dominant position in the foreseeable future.
Despite geopolitical challenges, China has been regarded as an indispensable center in the global green energy transition.
Original: toutiao.com/article/1855072616642827/
Statement: This article represents the views of the author.