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Strong Performance in Energy Storage Business According to the China Energy Storage Alliance (CNESA), CATL ranked No.1 globally in energy storage battery shipments in 2024.
For reference, CATL, another major player in the battery industry, recently introduced a new energy storage system featuring improved energy density, efficiency, and zero degradation in both power and capacity.
As market demand evolves, large-capacity energy storage systems continue to advance. In 2024, 20-foot 5MWh+ systems were widely released and commercialized in H2. By 2025, 6~9MWh+ systems took center stage at ESIE 2025.
The company's energy storage battery revenue reached 57.3 billion yuan, accounting for 15.83% of total revenue, with a gross margin of 26.84%—up 8.19% YoY and surpassing its power battery business margin (23.94%), solidifying energy storage as CATL's second growth driver. 6~9MWh Energy Storage Systems: Who Will Lead the Future?
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