This year, overseas household storage demand remains high, the power storage system is still the largest application area, but the wildly playing the storage battery price war has no way out.

 

 

 

Relevant organizations expect that by 2026, global energy storage battery shipments will grow by 35% to 266GWh. The market space is so big that people are red, but it is very likely that a few headline companies will divide up most of the part.

 

 

 

Global energy storage battery shipments reached 185GWh in 2023, a year-on-year growth of about 53%. Behind the dazzling growth is not only because of the thriving massive demand of the energy storage industry, but also the result of the price war low price promotion.

 

 

 

Since 2023, under the influence of multiple factors such as the super-expected fall in the price of upstream raw materials, the rapid release of production capacity, and the acceleration of technological iteration, in less than half a year, the energy storage battery began to overcapacity, the market price fell rapidly, and the price of each Wh dropped from more than 90 cents at the beginning of 2023 to more than 40 cents at the end of the year, and certain core factories even penetrated the cost of the core's bottom line at $0.3/Wh. By the end of the year, the global average price of lithium energy storage systems was around $1.1/Wh.

 

 

 

 

 

China is the largest shipper of energy storage batteries.

 

 

 

Thanks to successful cost control and extensive sales channels, the total shipments of lithium batteries from Ningde Times and BYD and YWL accounted for more than half of the global shipments. Chaodian Think Tank believes that the energy storage battery industry "head effect" is obvious, the first echelon of battery manufacturers in the production capacity and technical advantages are crushing level.

 

 

 

Affected by the decline in battery prices, energy storage battery listed manufacturers in the fourth quarter of 2023, the general growth rate of net profit slowdown or decline. The head of the enterprise is still so, can be predicted that the whole industry is under pressure. Overall, throughout 2023, the battery manufacturers performance differentiation rapidly widened.

 

 

 

Data show that Ningde Times 2023 total revenue of 400.92 billion yuan, an increase of 22% year-on-year; net profit of 44.12 billion yuan, an increase of 43% year-on-year; the second echelon in the bright performance of lithium-ion lithium-ion is expected to realize a net profit of about 4.035 billion yuan - 4.211 billion yuan in 2023, a year-on-year increase of 15% - 20%.

 

 

 

 

 

Backed by nickel king Qingshan Holdings, listed in the Hong Kong stock market soon Ruipu Lanjun, is expected to lose 1.8 billion yuan to 2 billion yuan in 2023, more than four times the year-on-year loss, and is the fourth consecutive year of losses, the cumulative loss of more than 3 billion yuan. Nandu power supply, Penghui energy in the fourth quarter of the year are substantial losses.

 

 

 

When the heads want to lift the table, even the table can lift away. Capacity scale than the head of the enterprise, but just a low price strategy, the lack of core competitiveness of other companies, is likely to suffer a continuous decline in performance in 2024 dilemma, accelerating the elimination of the game.

 

 

 

Liu Jincheng, chairman of the board of directors of Yiwei lithium energy, eloquently summarized that the roll price is unrealistic, and simply can't roll BYD and Ningde Times.

 

 

 

 

 

This year, manufacturers with strong cost control and financing capabilities can still invest in battery technology research and development. In the face of increasing competition, large battery manufacturers are launching high-capacity batteries that utilize stacking technology and are turning to systems that integrate DC-side energy storage to differentiate their products.

 

 

 

Relevant professional organizations expect that U.S. electricity consumption will rise to an all-time high of 409.9 billion kWh in 2024, and 15.3GW of new battery capacity will be deployed in 2024. Battery companies need to do a careful job of R & D planning, come up with new products with competitive advantages, in order to play a good "turnaround" in the United States, the largest incremental space in the energy storage market.

 

 

 

Liquid cooling is particularly suitable for high energy density BESS, is replacing air cooling to become the mainstream; lithium iron phosphate batteries are gradually becoming the mainstream choice of energy storage products, which is the strength of Chinese battery companies. In addition to China's large-scale energy storage projects, China's battery manufacturers can rely on their own technology and quality to sign more to get the fixed-point project to increase orders; and take the initiative to participate in the U.S. photovoltaic industry related supply chain, to become a supplier of lithium iron phosphate batteries.