chinese firms dominate storage market

Chinese energy storage giants are crushing it overseas. The numbers don’t lie – these companies locked in 199 new international orders in the first half of 2025, totaling a massive 160 GWh. That’s a 220.3% jump year-on-year. Not too shabby.

Sungrow, Hithium, and Cornex are leading the charge in Europe. Three Chinese firms alone snagged 9.5 GWh in storage deals across Africa and Europe. Global demand is through the roof, and Chinese companies are there to meet it.

Eve Energy shipped 28.71 GWh of energy storage batteries in H1 2025 – up 37.02%. Sunwoda’s numbers are even more impressive, with shipments increasing a whopping 133.25% to 8.91 GWh.

They’re not slacking at home, either. China just brought online a monster 500 MW/2,000 MWh standalone battery system in Inner Mongolia. Five months from breaking ground to commercial operation. That’s speed. Total price tag? CNY 1.5 billion. The system was designed specifically for peak shaving and integrating renewable energy into the grid.

It’s also China’s first large-scale semi-solid-state energy storage project. Innovation meets scale.

Global shipments hit 286.35 GWh for the first nine months of 2025, up 84.7%. Q3 was the first quarter ever to exceed 100 GWh in shipments. The big players – Tesla, Sungrow, BYD, CRRC Zhuzhou Institute, and Huawei – control 60% of the market. Competitive? Yeah, just a bit.

Chinese battery investment jumped 69% compared to last year. Grid investment? Up 22%. China now accounts for 31% of global clean energy storage investment. This domination follows China’s incredible renewable growth, with the nation expected to account for 56% of expansion in global renewable capacity through 2028.

They’re not just building at home – EVE Energy is dropping $1.2 billion in Malaysia, while Gotion is constructing a $5.6 billion battery factory in Morocco. Vena Energy and CATL signed a major agreement to develop energy storage for renewable export corridors between Indonesia and Singapore.

China owns 69% of the global EV battery market in 2025. They’re projected to account for over half of all new energy storage additions this year. The US? A distant second at 14%.

Prices are rising too – up 10-20% for mainstream models from June to July. It’s a seller’s market, and Chinese companies are cashing in.

References

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