China best top 10 energy storage lithium battery companies
In the next 2-3 years, the energy storage battery industry dominated by lithium batteries will show explosive growth, and market competition will further intensify. This shows that the energy storage lithium battery market will be a market with great potential.
Shipment ranking of top 10 energy storage lithium battery companies
| Ranking | Company |
| 1 | CATL |
| 2 | BYD |
| 3 | REPT |
| 4 | EVE |
| 5 | GREAT POWER |
| 6 | GOTION HIGH-TECH |
| 7 | Hithium |
| 8 | PYLONTECH |
| 9 | Ganfeng Lithium |
| 10 | Envision Energy |
This article will introduce in detail the basic situation of the top 10 energy storage lithium battery companies, their energy storage performance, the market layout of these companies, and how to deal with fierce market competition. And to help everyone better understand the development trend and prospects of the energy storage lithium battery market.
Top 10 energy storage lithium battery companies in China
CATL
| Established date | December 16, 2011 |
| Company location | Fujian, China |
| Total market value | 1183.723 billion RMB |
| Company website | https://www.catl.com/ |
CATL is a leading enterprise in China’s energy storage industry, and has a layout in new energy storage fields such as lithium-ion batteries and sodium-ion batteries, and it is one of the top 10 lithium ion battery manufacturers in China. In 2021, CATL’s energy storage business will officially take off.
The annual energy storage business revenue is 13.624 billion RMB, a year-on-year surge of 601.01%, accounting for 10.45% of revenue, much higher than the 3.86% in 2020. Among them, the output of energy storage batteries surpassed that of LG Chem, ranking first in the world.
BYD
| Established date | February 10, 1995 |
| Company location | Guangdong, China |
| Total market value | 992.700 billion RMB |
| Company website | https://www.bydglobal.com |
BYD started from the manufacture of secondary rechargeable batteries, entered the automobile industry in January 2003, and at the same time laid out the new energy industry. The current products cover NiMH batteries, lithium cobalt oxide batteries, lithium iron phosphate batteries, and ternary lithium battery, which are widely used in electronic products, electric vehicles, energy storage and other fields.
On January 3, 2022, BYD announced the sales of energy storage batteries and power batteries for the whole year of 2022, showing a rapid growth trend.
In December 2022, the total installed capacity of new energy vehicle power batteries and energy storage batteries will be about 11.15GWh, the first monthly sales volume will exceed 11GWh, and the cumulative installed capacity in 2022 will exceed 89.84GWh.
REPT
| Established date | October 25, 2017 |
| Company location | Zhejiang, China |
| Registered capital | 1.724603158 billion RMB |
| Company website | https://www.chinarept.com/ |
REPT is mainly engaged in the R&D, production and sales of power and energy storage lithium-ion battery cells to system applications. The core products are square aluminum shell blade lithium iron phosphate batteries and ternary batteries.
From 2019 to 2021, the sales volume of REPT battery products will increase from 0.22GWh to 3.30GWh at a compound annual growth rate of 287.3%.
REPT’s energy storage shipments in 2022 will increase by about 500%-600% compared to last year. REPT officially signed a contract with the Chongqing District Government on the project of an annual production of 30GWh battery cell and Pack production base.
The total investment is about 10 billion RMB, with an annual output of 30GWh of batteries, and the corresponding PACK production line will be built.
EVE
| Established date | December 24, 2001 |
| Company location | Guangdong, China |
| Total market value | 190.449 billion RMB |
| Company website | www.evebattery.com |
EVE can gain a foothold in China, with bases in Shanghai, Liaoning, Jiangsu, Zhejiang, Sichuan, Yunnan, Hubei, Guangdong and other places. Overseas, EVE has set up offices in the United States, Malaysia, and Germany, and built a factory in Hungary to create the world’s strongest energy supply chain.
In 2023, EVE will invest in the construction of 4 energy storage related projects in less than one month. They are the 20GWh power storage battery production base project, the 23GWh cylindrical lithium iron phosphate energy storage power battery project, the 60GWh power storage battery production line and auxiliary facilities project, and the EVE power storage battery production base project.
EVE plans to achieve a production capacity of 100GWh of electric energy storage by 2025.
GREAT POWER
| Established date | January 18, 2001 |
| Company location | Guangdong, China |
| Total market value | 23.995 billion RMB |
| Company website | http://www.greatpower.net/ |
GREAT POWER is a company with experience in the lithium battery track. In the early days, it focused on the power battery and small power tool batteries market as its main track. In recent years, GREAT POWER has embarked on a strategic transformation. The company has clearly focused on the energy storage market.
Since last year, it has launched a heavy blow to household energy storage, large-scale energy storage and other markets, and has gradually won orders from many leading customers. Energy storage has become the company’s top business.
In 2022, the company’s energy storage business (including household energy storage, portable power station, power energy storage and communication energy storage) will grow by more than 5 times.
In the home energy storage market, GREAT POWER mainly focuses on the cell level. Household cells are mainly square with 50Ah and 100Ah products, and large cylinders are mainly 20Ah, 25Ah, and 50Ah. At the same time, there are also a variety of soft pack products.
GOTION HIGH-TECH
| Established date | January 23, 1995 |
| Company location | Anhui, China |
| Total market value | 75.927 billion RMB |
| Company website | https://www.gotion.com.cn/ |
GOTION HIGH-TECH is the first Chinese enterprise in China’s power battery industry to enter the capital market. It has new energy vehicle power lithium batteries, energy storage, power transmission and distribution equipment and other business sectors, and has established ten battery production bases.
According to industry insiders, by 2025, GOTION HIGH-TECH’s global production capacity planning will reach 300GWh, including 100GWh overseas production capacity planning.
Hithium
| Established date | December 27, 2019 |
| Company location | Xiamen, China |
| Registered capital | 172.7681 million RMB |
| Company website | https://www.hithium.com |
Hithium was positioned in the energy storage market at the beginning of its establishment. In just over two years, the company quickly seized the Chinese energy storage market with its 280Ah and 50Ah products.
From the first mass production in 2021 to the rapid release of production capacity in 2022, Hithium’s products have been widely recognized by the market, and the actual shipments have achieved a rapid growth of more than 40 times. In terms of household storage, Hithium is also exploring the possibility of using 46 series iron-lithium large cylindrical batteries in home energy storage systems.
In view of the mature support of the cylindrical battery industry chain, high production efficiency, large space for cost reduction, and the promotion of the brand influence of Japanese and Korean companies, the cylindrical ternary/iron-lithium system will still be one of the mainstream routes for home energy storage lithium batteries for a period of time in the future.
PYLONTECH
| Established date | October 28, 2009 |
| Company location | Shanghai, China |
| Total market value | 40.164 billion RMB |
| Company website | https://www.pylontech.com.cn |
PYLONTECH has been focusing on the application of lithium battery energy storage for more than ten years. The industrial chain has been vertically integrated, and it also has independent research and development and manufacturing capabilities for energy storage core components such as batteries, modules, battery management systems, and energy management systems.
PYLONTECH, as the world’s leading household energy storage company, will have a global market share of 14% in 2021, ranking second only to Tesla in global household energy storage.
In 2020, the company has formed an annual battery production capacity of 1GWh and an annual battery system production capacity of 1.15GWh. By the end of 2021, the battery production capacity will reach 3GWh, and by the end of 2022, the battery production capacity will exceed 6GWh.
Ganfeng Lithium
| Established date | March 2, 2000 |
| Company location | Xinyu, Jiangxi |
| Total market value | 162.734 billion RMB |
| Company website | http://www.ganfenglithium.com |
Ganfeng Lithium is the first listed company in China’s lithium industry. The business runs through the entire industrial chain of lithium resource development, lithium battery material processing, lithium battery manufacturing, and comprehensive recycling of waste batteries. Products are used in electric vehicles, energy storage and other fields.
On January 20, 2023, Ganfeng Lithium stated that the company will invest in the construction of a new lithium battery and energy storage headquarters project with an annual output of 10GWh in Dongguan.
The construction content mainly includes: lithium iron phosphate, semi-solid batteries, light power batteries, outdoor portable energy storage power supplies, household energy storage, industrial and commercial energy storage systems and other research and development bases and production lines.
Envision Energy
| Established date | March 19, 2008 |
| Company location | Jiangsu, China |
| Registered capital | 165 million US dollars |
| Company website | https://www.envision-group.com/ |
Envision Energy, part of Envision Group, is the world’s leading smart battery technology company. The company is committed to the research and development, design, manufacture and sales of power battery systems and energy storage battery systems. It is estimated that the total production capacity of zero-carbon batteries will exceed 400GWh in 2026.
In 2022, Envision Energy began to accelerate the “power + energy storage” two-line combat mode, and began to supply the world as a supplier of energy storage cells. In terms of energy storage battery production capacity, Envision Energy has deployed a battery production line dedicated to energy storage in the zero-carbon industrial park in Ordos.
At the same time, the zero-carbon battery factory in Shiyan, Hubei is also accelerating the replication of energy storage battery production capacity.
