China takes lead in global power storage
China is leading the global power storage industry, driven by technological innovation and government support. Chinese companies are expanding globally, investing in manufacturing facilities and energy storage projects worldwide.
China is accelerating its new energy storage industry as part of efforts to establish a new power system by 2026. The country's energy storage companies have seen a 144% year-on-year surge in overseas orders, totaling 366 GWh in 2025, across over 60 countries. Industry leaders such as CATL, Sungrow Power Supply, and BYD are driving this global expansion, characterized by foreign direct investment and localized manufacturing. Companies like Hithium Energy Storage and Sungrow have announced significant investments in European manufacturing facilities. The global energy storage market is driven by the transition to renewable energy and increasing electricity demands, with emerging markets becoming new growth engines.
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