In a move that underscores their global prowess, several Chinese EV battery companies are securing a slew of overseas energy storage orders as the demand for energy storage solutions continues to rise.
In a shocking turn of events, a devastating battery fire has set the stage for a high-stakes legal clash between a prominent energy storage company and a well-known tourist destination.
Amid a surge in energy storage enterprises, China’s market witnesses intense price wars, leading to overcapacity.
In the first half of 2023, the domestic battery value chain companies in China secured a total of 58 orders, both domestic and international. Among these orders, electric vehicle (EV) batteries, energy storage systems, and raw materials constituted the major segments.