TOP 5 electricity energy storage lithium battery companies in China 2021

Top 5 electricity energy storage lithium battery companies in China

In 2021, most energy inflation levels will be high, the profitability of energy storage participation in the power market will increase, and China’s new energy storage demonstration projects will be launched rapidly, promoting the energy storage lithium battery industry to enter the fast lane of rapid development. Our common energy storage battery pack has 12v lithium ion battery.
 
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According to statistics, China’s energy storage battery shipments will be 48GWh in 2021, a year-on-year increase of 2.6 times; of which electricity energy storage battery shipments will be 29GWh, a year-on-year increase of 4.39 times compared to 6.6GWh in 2020.

2021 is the year of accelerated development of energy storage. CATL and BYD, the two super-manufacturers of energy storage lithium batteries, will both achieve rapid growth in 2021. Especially in many countries markets, when energy and electricity prices are high and carbon emission policies are strictly enforced, the sales of the two giants have increased significantly.

ZTT, REPT, Narada, etc. will take energy storage as the company’s key business investment and development in 2021.

China's electricity storage lithium battery shipments and growth rate from 2017 to 2021

Under the hot market demand, the shipments of many energy storage lithium battery companies in China have doubled in 2021, and the ranking has changed significantly compared with 2020.

According to the shipments of China’s major energy storage battery companies in 2021, each company is ranked. From the perspective of specific manufacturers, CATL ranks first in China, followed by BYD and ZTT, and Narada ranks fourth in China.

TOP 5 Lithium Batteries for Electric Power Storage in China 2021

Top 5 electricity energy storage lithium battery companies in China

CATL

CATL is one of TOP 5 electricity energy storage lithium battery companies in China 2021

Company profile:
CATL was established in 2011. The company is headquartered in Ningde, Fujian. Its main business is to focus on the research and development, production and sales of new energy vehicle power battery systems and energy storage systems.The main products include power battery systems, energy storage systems, and lithium battery materials, striving towards the goal of providing the best solutions for new energy applications around the world.

In 2019, the market of CATL was dominated by energy storage cells, and in 2020, the upgrade from the provision of components to the provision of battery systems will be realized. In 2021, CATL will continue to strengthen R&D investment and market promotion, and the energy storage market layout and promotion will begin to achieve results.

Driven by the dual drive of policy guidance and cost reduction, the global energy storage market demand for power generation side and grid side is growing. CATL has shipped several 100MWh projects. In 2021H1, the sales revenue of energy storage system reached 4.693 billion yuan, a year-on-year increase. 727%.

Since the US and European markets are the current focus of the company’s energy storage business, the gross profit margin of energy storage is higher than the overall gross profit margin.
As of Q1 2022, the company has cooperated with Eaton Power, Canadian Solar, China National Building Materials Group, Three Gorges Group, China Huadian, National Energy Group, China Aluminum Group, Huawei, JinkoSolar, Hong Kong and China Gas, China Energy Construction, State Power Investment Corporation, Yongfu Co., Ltd., Powin and other mid-stream and downstream customers have established strategic cooperative relationships.

Total market value: 1200.132 billion RMB

Company website: www.catl.com

BYD

BYD is one of TOP 5 electricity energy storage lithium battery companies in China 2021

Company profile:
BYD was established in February 1995. BYD’s business layout covers electronics, automobiles, new energy and rail transportation. BYD, as one of the pioneering companies in China’s lithium iron phosphate products and technologies, is also an early enterprise in China that applies lithium iron batteries to energy storage and conducts large-scale promotion in other countries.

As early as the end of 2019, BYD’s global cumulative shipments have reached 750MWh, which is in the same camp as LG, Samsung, and Tesla. The products range from small household energy storage systems, to intermediate-level industrial and commercial energy storage products, to large public-level container systems, covering the current market demand in an all-round way.

After years of operation in many countries and markets, BYD’s energy storage business has spread to more than 50 countries and more than 300 cities around the world, providing global partners with more than 100 industrial-grade energy storage solutions.

In 2020, BYD announced its return to the Chinese energy storage market, and officially launched the upgraded BYDCube energy storage integrated system series products equipped with blade batteries in 2021.

The area energy density has increased by more than 145% compared to standard container products. The battery capacity equivalent to a 40-foot container area can exceed 6MWh. Once the product is launched, it will sell well at home and abroad, boosting BYD to the second place in China’s shipments.

Total market value: 719.285 billion RMB

Company website: http://www.byd.com/cn/index.html

ZTT

ZTT is one of TOP 5 electricity energy storage lithium battery companies in China 2021

Company profile:
ZTT was established on December 26, 2012. ZTT is a high-tech enterprise mainly engaged in the research and development, production and sales of lithium batteries and their materials, battery management systems, power storage systems, and automotive power modules.

Lithium battery products are widely used in New energy vehicle power storage, communication energy storage and new energy power storage and other fields.

By the end of 2021, ZTT energy storage will have a 2GWh energy storage capacity, and in 2022 Q1 will have a 3GWh energy storage lithium battery capacity, mainly targeting large-scale centralized energy storage needs. Thanks to the carbon emission policy and the implementation of the national dual carbon goal, the company’s energy storage orders will see a large increase in 2021.

By the end of 2021, the company has participated in the operation of more than 1GWh of projects, with a power storage installed capacity of 1.2GWh and a photovoltaic installed capacity of 1.5GWh.

In November 2021, Zhongtian Energy Storage and Three Gorges Electric Power signed a strategic cooperation agreement to set up a special class to jointly promote the construction of Rudong 500MW/1000MWh shared energy storage power station. It is planned to be connected to the grid in December 2022. It is expected that in 2022, with the help of GW-level orders,  ZTT Energy Storage is expected to reach a new level.

Company website:www.zttes.com

Narada

Narada is one of TOP 5 electricity energy storage lithium battery companies in China 2021

Company profile:
Narada was established on December 8, 1997. Since its deployment in the energy storage field in 2011, it has successively put into operation a number of centralized power storage projects at home and abroad.

In 2019, Narada started a “second venture”, taking the energy storage sector as the company’s main battlefield, and planned to develop power storage, communication backup power storage,data center UPS energy storage and other aspects of product certification and customer, channel expansion work.

In 2021, Narada’s energy storage business will enter a “quick cashing period”: the company’s energy storage battery shipments will grow by more than 150% from the 2020 base throughout the year. In fact, only in Q1 of 2022, Narada has successively won a number of large power storage orders such as the Italian National Power Company Group and Chenzhou Fuchong Energy Storage EPC.

The total number of orders is close to 800MWh, which fully reflects the popularity of the global power storage market at this stage. The growth potential of Narada’s energy storage business in the coming year.

Total market value: 11.125 billion RMB

Company website:http://www.naradabattery.com.cn

REPT

REPT is one of TOP 5 electricity energy storage lithium battery companies in China 2021

Company profile:
REPT founded on October 25, 2017, it is affiliated to Qingshan Group. 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.

Relying on the strong technical and resource advantages of Tsingshan Group, REPT will quickly conquer the city in the energy storage market in 2021: In April 2021, the Ruipu New Energy Industrial Base project will be launched in Wenzhou and will be fully put into operation in 2027, with a planned production capacity of 100GWh.

In March 2021, REPT’s Foshan Nanhai 30GWh power and energy storage lithium-ion battery and system manufacturing base was officially signed, laying a solid production capacity foundation for the rapid development of the company’s energy storage business during the 14th Five-Year Plan.

In 2021, the company’s sales revenue is nearly 2.4 billion yuan, of which energy storage revenue is about 1 billion yuan, a year-on-year increase of 100%, and the shipment scale of energy storage cells is close to 1.5GWh (including household storage). It is expected that with the completion of REPT energy storage battery product certification and channel construction, the energy storage shipment scale is expected to maintain a strong growth trend in the next two years.

Company website: www.chinarept.com

In addition to the above-mentioned companies, lithium battery companies in the fields of power, consumer 3C and small power, such as EVE, Pylon Technology, Penghui Energy, Guoxuan Hi-Tech, COSMX, etc. Since 2021, the investment in the energy storage track has been increased, also refer to the following Top10 3C consumer lithium battery manufacturers and Top 10 power battery companies,and the new product release superimposed production expansion financing events have come one after another, and the final market structure still has great variables.

2 thoughts on “Top 5 electric energy storage lithium battery companies in China 2021”

  1. An interesting discussion is worth comment. I do believe that
    you need to write more on this issue, it may not be a taboo subject but typically people do not speak about these topics.
    To the next! Kind regards!!

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