Recently, Chinese professional new energy research institute, GGII released the TOP10 list of energy storage lithium battery manufacturer in 2022, which has attracted wide attention in the industry. BYD, CATL and Rept&Battero are among the top three, according to the list.

According to the survey statistics released by GGII, the shipments of energy storage lithium batteries in China reached 130 GWh in 2022, with a year-on-year growth rate of an astonishing 170%. This shows that the demand for energy storage lithium battery market is growing rapidly.

According to data released by InfoLink, global energy storage battery shipments totaled 142.7 GWh in 2022, up 204.3% from 46.9 GWh in 2021. A number of energy storage projects are bidding or put into operation, and the demand for energy storage power station, wind field frequency modulation, solar power generation storage, user side, communication base station and other application scenarios is also gradually increasing. This trend has attracted a large number of battery companies into the bureau, and the market competition is further intensified.

According to GGII forecast, in the next 2-3 years, the energy storage battery industry dominated by lithium batteries will show explosive growth, and the market competition will be further intensified. This shows that the energy storage lithium battery market will be a market with great potential.

Therefore, this paper will introduce in detail the basic situation of the TOP10 energy storage lithium battery enterprises, the energy storage performance, the market layout of these enterprises, and how to deal with the fierce market competition, so as to help you better understand the development trend and prospect of the energy storage lithium battery market.

1.CATL
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.

In 2021, CATL Energy storage business officially took off. The annual revenue of energy storage business was USD20 billion, surging 601.01% compared with the previous year, and the revenue accounted for 10.45%, much higher than 3.86% in 2020. Among them, the production of energy storage batteries has surpassed LG Chem, ranking the No.1 in the world.

According to the third quarter of 2022 report (the 2022 annual report has not been released, the company's financial data for the first three quarters of 2022 is as follows:

Operating revenue: USD31.21billion, up 186.72% year on year

Net profit attributable to shareholders of the listed company: USD2.73 billion, up 126.95% year on year

Gross profit margin: 18.95%

2. BYD
BYD was founded in February 1995, starting from the manufacturing of secondary rechargeable batteries, and entered the automobile industry in January 2003, and at the same time, the layout of the new energy industry. At present, the products cover nickel metal hydride battery, lithium cobalt oxide battery, lithium iron phosphate battery and ternary battery, which are widely used in electronic products, electric vehicles, energy storage and other fields.

On January 3,2022, BYD announced the annual sales of energy storage batteries and power batteries in 2022, showing a rapid growth trend.

In December 2022, the total installed capacity of power batteries and energy storage batteries for new energy vehicles is about 11.15GWh, and the monthly sales volume exceeded 11 GWh for the first time, and the cumulative total installed capacity in 2022 exceeded 89.84GWh.

In the second half of 2022 to the end of November, BYD won the bid of energy storage projects in China (pre) with a total scale of 2135 MWh, with an average unit price of $0.22 / Wh, and a total winning amount of USD0.6 billion.
Abroad, by the end of November, BYD has shipped about 3.6 GWh of energy storage products in the US market in 2022. According to the installed capacity data released by BYD itself, the cumulative installed capacity of BYD power batteries and energy storage batteries in 2022 is about 67.681GWh.

In 2022, BYD continues to expand its battery production capacity in Changchun, Wuhan, Taizhou, Shaoxing, Chengdu, Nanning, Xuzhou, Wenzhou, Xiangyang, Chongqing and other places. BYD battery branches will be set up in Fuzhou, Jiangxi, Xiangyang Hubei, Taizhou Zhejiang, Nanning Guangxi, Zhengzhou Henan, Yichun Jiangxi, and other places to further prepare for expanding production capacity.


3. Rept&Battero
Founded in 2017, Rept Energy is affiliated to Qingshan Group. Rept&Battero is mainly engaged in the research and development, production and sales of power and energy storage lithium ion battery cells to system applications. The core products are prismatic aluminum case LFP battery cell and ternary battery cell.

In December 2022, the company formally submitted its IPO prospectus to the Hong Kong Stock Exchange. From 2019 to 2021, the sales volume of Rept&Battero battery products increased from 0.22 GWh to 3.30 GWh at a CAGR of 287.3%.

Rept&Battero energy storage shipments in 2022 increased by about 500% -600% compared with last year.

In terms of revenue, from 2019 to 2021, the revenue of Rept&Battero was USD34.33 million,USD133.38 million and USD0.4 billion respectively, with a compound annual growth rate of 200.7%.

Rept&Battero has production bases in Wenzhou, Jiashan, Foshan, Liuzhou and so on. On February 17th, Rept&Battero officially signed a contract with Chongqing Fuling District Government for the annual output of 30 GWh cell and Pack production base project. The total investment is about USD1.5 billion, with the annual output of 30 GWh, and the corresponding Pack production line. The construction cycle is 24 months, and the annual output value of the project is about USD4 billion.

4. EVE
Based in China, EVE Energy Storage has bases in Shanghai, Liaoning, Jiangsu, Zhejiang, Sichuan, Yunnan, Hubei, Guangdong and other places; overseas, EVE has set up offices in the United States, Malaysia, Germany, and built factories in Hungary to build the world's strongest energy supply chain.

In 2023, EVE run very fast at the very beginning, built four energy storage projects in one month, respectively is 20 GWh power storage battery production base project, annual output of 23 GWh cylindrical lithium iron phosphate storage power battery project, 60 GWh power storage battery production line and auxiliary facilities and million weft lithium power storage battery production base, a total investment of 36.3 billion, the total production capacity of 123 GWh.

EVE Energy Storage plans to achieve a production capacity of 100 GWh of electric energy storage by 2025.


5. Great Power
Great Power Energy went to Public on the Growth Enterprise Market in 2015, with a revenue of USD0.92 billion in 2021.

The company is the lithium battery track veteran, early to power, small power market as the main track. In recent years,Great Power Energy has begun strategic transformation. The company has made it clear that the energy storage market is dominated, and since last year began to attack the residential energy storage, large energy storage and other markets, gradually winning many orders from head customers. Energy storage has become the fist business of the company. In 2022, the company's energy storage business (including residential energy storage, portable energy storage, power energy storage and communication energy storage) will grow by more than 5 times.

In the residential energy storage market, Great Power Energy mainly focuses on the battery cell level. The battery cell used for residential is mainly prismatic aluminum case LFP cell 50Ah and 100Ah products, and the large cylinder is mainly 20Ah, 25Ah and 50Ah. At the same time, there are also many pouch cell products.

Energy storage batteries are crucial to the future energy structure transformation. With the reduction of carbon emissions demand, the development of new energy has become an inevitable trend. At present, the rapid growth of the energy storage industry has attracted many enterprises to participate in it. The energy storage business has shown its potential as a second growth curve, and the market concentration is not high, there is still the possibility of the latecomers.