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Multitudinous lithium battery companies accelerate the layout of energy storage lithium batteries
The trillion-scale field of energy storage has been determined, and the main technologies are divided into physical energy storage, chemical energy storage and other energy storage. At this stage, although pumped storage technology in physical energy storage is relatively mature, chemical energy storage is spreading its influence and its market share is gradually increasing. At present, in terms of chemical energy storage, lithium-ion battery energy storage has become the mainstream development direction of electrochemical energy storage. As of 2021, more than 88% of new electrochemical energy storage projects in China are best lithium batteries.
Looking back on 2021, according to research and survey statistics, China's energy storage Li-ion battery shipments will exceed 50GWh, accounting for 65% of global energy storage lithium ion battery shipments. Compared with last year, it increased by 194.7% year-on-year. Thanks to technological advantages, many lithium battery companies took this opportunity to accelerate the deployment of energy storage and gain a certain market share. The data shows that China's energy storage lithium ion battery shipments in 2021 were 50.1GWh, and the Top 10 companies in terms of market share are: CATL, BYD, GREAT POWER, EVE, ZTT, PYLONTECH, REPT, GOTION HIGH-TECH, Narada, COSPOWERS, the above Top 10 energy storage lithium battery companies occupy 79% of the market share.
From the perspective of the competitive landscape, power battery giants such as CATL and BYD are far ahead of other competitors in the field of energy storage. Together with GREAT POWER and EVE, CR4 accounts for 63%. Companies such as ZTT, PYLONTECH, REPT, GOTION HIGH-TECH, Narada and COSPOWERS are at the same level, and there will be more changes. It is expected that the market share of large enterprises such as CATL and BYD will further increase in the next few years. Overall, the overall market concentration will also further increase. This article will provide you with more detailed information on the Top 10 energy storage lithium battery companies.
Top 10 energy storage lithium battery companies in China in 2022
① CATL
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Established time |
December 16, 2011 |
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Company location |
Fujian, China |
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Total market value |
1183.723 billion RMB |
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Company website |
https://www.catl.com/ |
Company profile:
CATL, ranked first among the Top 10 energy storage lithium battery companies, is the world's leading new energy innovation technology company, focusing on the research and development, production and sales of new energy vehicle power battery systems and energy storage systems, and is committed to providing first-class solutions and services for global new energy applications. Its core technologies include R&D and manufacturing capabilities of the entire industry chain in the fields of power and energy storage batteries, materials, cells, battery systems, battery recycling and secondary utilization.
The biggest feature of the CATL is the ternary lithium battery, which has a higher battery life. CATL has always attached great importance to R&D investment and capacity building. In 2021, CATL's R&D expenses will be nearly 7.691 billion RMB. In the first half of the year alone, its R&D investment reached 2.8 billion RMB. According to statistics, the installed capacity of lithium batteries in CATL will remain the first in the world in 2020 and 2021 and show a steady upward trend, and its position as a global leader in lithium batteries is relatively stable.
Main products and services:
Power batteries, lithium battery materials (using waste batteries as raw materials, and the main product is ternary precursors), energy storage systems (main application areas include power generation side and power transmission and distribution side).
Latest news and related layout:
On June 16, the chief scientist of CATL said at the 2022 World Power Battery Conference that its CTP3.0 battery will be released soon. The so-called CTP3.0 battery is the Kirin battery, which adopts the third-generation CTP technology of the CATL. Under the same electrochemical system and battery pack size, the energy density of the ternary high-nickel Kirin battery is 13% higher than that of the 4680 large cylindrical battery, which can theoretically provide stronger battery life for electric vehicles.
In terms of performance, CATL will ship 16.7GWh of energy storage batteries in 2021, with revenue of 13.6 billion RMB, a six-fold increase year-on-year, accounting for 10.45% of total revenue. Last year, it also signed strategic cooperation agreements with CHN ENERGY, CEEC, CHD, China Three Gorges Corporation, SUNGROW, Canadian Solar, EATON and other enterprises. It is reported that CATL has also entered the Tesla energy storage supply chain.
② BYD
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Established time |
February 10, 1995 |
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Company location |
Guangdong, China |
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Total market value |
992.700 billion RMB |
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Company website |
http://www.byd.com/cn/ |
Company profile:
After more than 20 years of rapid development, BYD has established more than 30 industrial parks around the world, realizing its strategic layout on six continents. BYD's business layout covers electronics, automobiles, new energy and rail transit, and plays an important role in these fields. BYD launched the "integration of light and storage", from energy acquisition, storage, to application, to build a zero-emission new energy overall solution, making it one of the Top 10 energy storage lithium battery companies. In the field of rechargeable batteries, BYD has carried out the layout of the whole industry chain, from the development of mineral resources to the output of battery packs.
Currently, the products cover nickel-hydrogen batteries, lithium cobalt oxide batteries, lithium iron phosphate batteries, and ternary batteries, which are widely used in electronic products, electric vehicles, energy storage and other fields. Solar energy storage systems using lithium iron phosphate batteries have a wide range of applications, including off-grid, micro-grid and energy-efficient power plants. Relying on advanced iron battery technology, BYD meets the needs of energy storage, peak shaving and valley filling, and peak and frequency regulation, and promotes renewable energy power generation and auxiliary power services. Its energy storage products are widely used in residential, industrial and commercial energy storage fields.
Main products and services:
Nickel-metal hydride batteries, lithium cobalt oxide batteries, lithium iron phosphate batteries, ternary batteries, energy storage batteries and solar energy storage systems (lithium iron phosphate batteries).
Recent layout:
As of May 30, 2022, BYD's grid-level energy storage product BYD CUBE T28 has reached an overall supply scale of 1.6GWh+ in North America this year. The BYD supply project includes the first utility-scale solar and energy storage power station projects in North America. At present, the relevant projects have successfully passed the joint commissioning and trial operation and have been put into operation.
BYD Energy Storage is committed to developing energy storage systems with leading technology level and applicable to all parts of the world, guiding the industry to transform from customized products to standardized products, and improving the application coverage of the product industry by establishing a compatible modular energy storage platform. At present, the BYD energy storage research and development team has built a modular liquid-cooled battery energy storage system technology platform based on the BYD Cube T28 standardized energy storage product. A variety of energy storage products to meet the needs of different regions, different application scenarios, and different certification standards.
③ GREAT POWER
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Established time |
January 18, 2001 |
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Company location |
Guangdong, China |
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Total market value |
23.995 billion RMB |
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Company website |
http://www.greatpower.net/ |
Company profile:
GREAT POWER is a high-tech company that has been focusing on the manufacturing and research and development of lithium batteries for more than 20 years. The company's business scope has covered many fields such as digital consumer batteries, new energy vehicle power batteries, energy storage batteries, light power batteries, and power tool batteries. GREAT POWER has fully realized the perfect coverage of the new energy industry chain, and took the lead in realizing large-scale production. It has independent intellectual property rights, and its main technical indicators are at the advanced level in China and internationally.
Main products and services:
Light power batteries, battery cells, consumer digital batteries, energy storage batteries and power battery systems
Recent layout:
In 2021, as one of the Top 10 energy storage lithium battery companies, the energy storage revenue of GREAT POWER will more than double, and the proportion of revenue to total revenue will also increase significantly to 31%, reaching 1.764 billion RMB. And it has become the main supplier of a number of leading energy storage customers such as SUNGROW, SENSiNG, Growatt, CHINA TOWER, and China Mobile. In terms of large-scale energy storage batteries, further deepen strategic cooperation with Trina Solar and become an excellent supplier of SUNGROW.
Its home storage battery products shipped more than 100,000 sets, successfully becoming the preferred supplier of leading customers such as SENSiNG and Growatt. Its cooperation with China Mobile in the field of communication energy storage is progressing steadily, and large orders in 2022 have been locked. In the portable energy storage market, GREAT POWER has become the main supplier of ECOFLOW, a leading brand in China's industry.
④ EVE
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Established time |
December 24, 2001 |
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Company location |
Guangdong, China |
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Total market value |
190.449 billion RMB |
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Company website |
www.evebattery.com |
Company profile:
After 21 years of rapid development, EVE has become a globally competitive lithium battery platform company with core technologies and comprehensive solutions for consumer batteries and power batteries. Its products are widely used in the fields of Internet of Things and Energy Internet.
Main products and services:
Consumer batteries, power batteries and energy internet solutions.
Recent layout:
On June 7, EVE announced that the company intends to work with the Qujing Municipal Government and the Qujing Economic Development Zone Management Committee on the company's investment in the construction of an "annual output of 10GWh power storage battery project" within the Qujing Economic Development Zone Management Committee area. "Related matters signed an investment agreement. The total investment of the project is about 3 billion RMB, and the investment in fixed assets is about 2.3 billion RMB.
⑤ ZTT
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Established time |
December 26, 2012 |
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Company location |
Jiangsu, China |
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Registered capital |
1.58 million RMB |
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Company website |
www.zttes.com |
Company profile:
ZTT is a high-tech manufacturer mainly engaged in the production, research and development and sales of lithium batteries. The scale of ZTT's project construction is a new type of cathode material lithium-ion power battery with an annual output of 60 million Ah. At the same time, in order to meet the requirements of China's development of circular economy, it will carry out the recycling of used batteries. The company targets world-class energy storage manufacturers and suppliers.
Main products and services:
Marine equipment, power station construction, distributed photovoltaics, micro-grid technology, new energy key materials and large-scale energy storage systems.
Recent layout:
On June 13, the ADB-302 20MW energy storage project of Pakistan Asian Development Bank, which was jointly won by ZTT and CHINA ENERGY ENGINEERING GROUP JIANGSU POWER DESIGN INSTITUTE CO., LTD, has been officially signed. This project is the first time that the National Grid of Pakistan NTDC has tendered a grid-side energy storage project, and it is also the first large-scale energy storage project of ZTT in other countries.
The contracted project is located in the Jhimpir substation near 90km east of Karachi, the largest city in Pakistan. It is constructed by ZTT using the EPC model. The latest generation of 1P fast-response energy storage system will be used to complete the frequency regulation and peak regulation requirements of Pakistan's power grid.
⑥ PYLONTECH
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Established time |
October 28, 2009 |
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Company location |
Shanghai, China |
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Total market value |
40.164 billion RMB |
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Company website |
http://www.pylontech.com.cn/ |
Company profile:
PYLONTECH focuses on the development and application of lithium battery energy storage products, and provides leading comprehensive solutions for lithium battery energy storage systems. The company vertically integrates the three core links of energy storage lithium ion battery R&D and production, BMS R&D, and system integration, with high-performance energy storage lithium batteries and advanced BMS technology as the core, and market demand as the guide to provide users with advanced energy storage products.
Main products and services:
Electric energy, household and industrial and commercial, communication data, mobile energy storage; new energy power generation, micro grid, optical storage and charging, industrial and commercial parks, household energy storage, UPS, communication backup power and mobile energy storage solutions.
Recent layout:
In 2021, PYLONTECH achieved a total operating income of 2.06 billionRMB, a year-on-year increase of 84.14%. The operating profit was 358 millionRMB, a year-on-year increase of 14.68%. Its energy storage products are mainly used in distributed industrial and commercial energy storage, home energy storage, communication base station energy storage, vehicle energy storage, mobile energy storage and other applications, with a sales volume of 1540.34MWh.
Among them, a total of 1,455.89MWh of energy storage products were sold under its own brand and OEM. As of 2021, PYLONTECH has formed an annual production capacity of 3GWh battery cells and 3.5GWh system capacity, and has developed the first generation of sodium-ion battery products and completed small tests.
⑦ REPT
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Established time |
October 25, 2017 |
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Company location |
Zhejiang, China |
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Registered capital |
1.724603158 billion RMB |
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Company website |
https://www.chinarept.com/ |
Company profile:
REPT is mainly engaged in the R&D, production and sales of power/energy storage lithium-ion battery cells to system applications, focusing on providing high-quality solutions for new energy vehicle power and smart power storage. REPT mainly focuses on square aluminum ternary lithium batteries and iron lithium batteries of VDA and MEB standard sizes. The technical strength of its products has reached the leading level in China.
Its product application fields cover passenger cars, commercial vehicles (city buses, logistics vehicles, trucks, etc.), special vehicles, industrial vehicles, construction machinery and equipment, ships and other power fields, as well as wind photovoltaic new energy power storage access, power grids Electric energy storage, backup power supply and other energy storage fields. Most of its cooperative enterprises are among the top outstanding enterprises in all walks of life, and there are many world-class industry giants.
Main products and services:
Ternary battery cells, lithium iron phosphate battery cells; end-side plate welding modules, flexible strap modules; communication backup power, home energy storage and industrial and commercial energy storage systems; standard battery packs for commercial vehicles and large-scale energy storage.
Recent layout:
On June 21, 2022, the construction of REPT's power and energy storage lithium-ion battery and system project began. It is understood that the planned construction period of the first phase of the Ruipu project is 300 days, and it is expected to be officially put into production in October next year. In December last year, REPT won a 220.9-acres of land plot north of Guangsan Expressway in Shishan Town as the first phase of the REPT Project.
According to reports, the project is a production base of REPT in South China, with a total investment of about 10.3 billion RMB. It will build a high-end power and energy storage lithium-ion battery with an annual output of 30GWh and a supporting manufacturing base for upstream and downstream industries. As a "chain-based" enterprise in Shishan's new energy vehicle industry, REPT Project will drive the iterative upgrade of existing traditional industries by building a localized power and energy storage lithium-ion battery supply chain system.
⑧ GOTION HIGH-TECH
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Established time |
January 23, 1995 |
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Company location |
Anhui, China |
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Total market value |
75.927 billion |
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Company website |
https://www.gotion.com.cn/ |
Company profile:
GOTION HIGH-TECH is the first national enterprise in China's power battery industry to enter the capital market. It has business sectors such as new energy vehicle power batteries, energy storage, power transmission and distribution equipment. GOTION HIGH-TECH Power Energy Co., Ltd., a wholly-owned subsidiary of GOTION HIGH-TECH, is one of the earliest enterprises in China engaged in the independent research and development, production and sales of new energy vehicle power lithium-ion batteries.
It specializes in the research and development, production and operation of new lithium-ion batteries and their materials, and has core technology intellectual property rights. The company's products are widely used in the field of new energy vehicles such as pure electric commercial vehicles, passenger vehicles, logistics vehicles and hybrid vehicles, and have established long-term strategic partnerships with many major new energy vehicle companies in China.
Main products and services:
Lithium iron phosphate and ternary materials and batteries, power battery packs, battery management systems and energy storage battery packs, etc.
Recent layout:
On May 20, 2022, GOTION HIGH-TECH officially stated that the company's energy storage system products won the bid for the State Grid's mobile energy storage charging vehicle project. The project specification is 9.6MWh, and the "Power Ocean" energy storage product used in this project is the third-generation energy storage product of GOTION HIGH-TECH.
The project is expected to be delivered in mid-August this year. According to reports, GOTION HIGH-TECH's third-generation energy storage products can organically combine advanced liquid cooling systems with large-capacity lithium iron phosphate batteries, which can achieve rapid access to backup power in 0.6 seconds and work continuously for more than 18 hours.
⑨ Narada
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Established time |
December 8, 1997 |
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Company location |
Zhejiang, China |
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Total market value |
12.255 billion RMB |
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Company website |
http://www.naradabattery.com.cn |
Company profile:
Narada provides products, system integration and services centered on lithium-ion batteries and lead batteries for the four major application areas of data centers, smart energy storage, industrial backup and green travel, while creating a "lithium battery recycling industry chain" and " Lead battery recycling industry chain" two closed-loop industries. The company's sales are in 158 countries and regions around the world, and the company's brand "NARADA" is well-known all over the world.
Main products and services:
A full range of industrial backup power solutions for light electric vehicle batteries, energy-saving vehicle batteries, new energy vehicle battery lead batteries, smart energy storage services, and lithium batteries.
Recent layout:
On March 8, 2022, Narada has won a lithium battery energy storage system project with a total capacity of 597.88MWh from the Italian National Electric Power Company. This project is a benchmark project for Narada to enter the mainstream power auxiliary service market in Europe and the United States. The energy storage system projects signed this time include: Stampede photovoltaic energy storage project in the United States, France Post photovoltaic energy storage project in the United States and La Casella grid service project in Italy.
Narada will provide lithium-ion non-walk-in energy storage containers and systems for the project, which are expected to be delivered by the end of 2022. The project adopts Narada's pre-installed modular lithium iron phosphate energy storage system. After all the energy storage systems are transported to the project site, it is only necessary to install the Rack full of modules into the container, which will greatly reduce the time and cost of on-site module installation.
⑩ COSPOWERS
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Established time |
August 26, 2019 |
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Company location |
Shandong, China |
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Registered capital |
70.515486 million RMB |
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Company website |
http://www.cospowers.com/ |
Company profile:
As one of the Top 10 energy storage lithium battery companies, COSPOWERS is a leading technology-based enterprise in the lithium battery industry, with more than 30 years of experience in technology and product development. It is determined to become a global smart lithium battery overall solution provider, providing high-quality products and services to global customers.
Main products and services:
BESS energy storage, industrial and commercial energy storage, household energy storage; communication energy storage, UPS energy storage; power battery, construction machinery battery.
Recent layout:
According to reports, COSPOWERS will build a 6GWh energy storage Li-ion battery automatic production line in three phases in Changde, Hunan. The project plans to invest 3 billion RMB and will be constructed in three phases. The annual output value is expected to exceed 6 billion RMB. Currently, 0.5GWh has been put into production. The newly started second-phase 1.5GWh production line is expected to be completed and put into operation in October, which will effectively promote the development of the lithium battery energy storage industry in Hunan Province.
As a branch of the energy storage market, portable energy storage is superior in convenience and is mainly used for outdoor activities and temporary power backup at home. In addition to knowing the situation of Top 10 energy storage lithium battery companies, you may also want to know the information of portable power station companies, you can get more useful details by reading Top 10 portable power station companies on our website.