Renewable energy developers in Europe, Southeast Asia, such as Vena Energy and power companies such as a major Italian power company, are also purchasing cells and DC side products from Chinese cell companies. Since the second half of last year, Ningde Times, Farview Power, Peng Hui Energy, Guoxuan High-tech, Ruipu Lanjun, Yiwi Lithium Energy, and Beehive Energy have cumulatively signed supply agreements of more than 100GWh. Generally speaking, Chinese energy storage cells are heading towards the global energy storage scene.

According to the published winning prices of the bulk battery group tenders for energy storage projects on the grid side in the first half of the year, the average price of energy storage batteries in China is 0.7-0.9 yuan/kWh, which is lower than the average price of energy storage batteries on the international market.