From ESS News
China’s battery champions are racing to add capacity as a tightening supply of small-format cells ripples through the global energy storage market. At an online briefing on October 20, Contemporary Amperex Technology (CATL) told investors it was “fully advancing global capacity construction” to meet surging orders. The company’s third-quarter revenue rose 12.9% year on year to RMB 104.19 billion ($14.6 billion), while net profit increased 41.21% to RMB 18.55 billion, underscoring resilient demand.
Yet pressure is most acute in stationary storage. An EVE Energy representative stated that “battery capacity is currently tight – high-end capacity has always been tight,” echoing reports that leading storage-cell lines are running at full tilt and second-tier producers are operating above 80% utilization.
To continue reading, please visit our ESS News website.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.