[SMM Analysis: Global ESS Battery Cell Market Review: Booming Demand, Accelerated Market Reshaping, and New Opportunities and Challenges]
SMM, January 24: According to SMM's assessment data, global ESS battery cell production exceeded 360 GWh in 2024, with China's ESS battery cell production surpassing 340 GWh, growing by over 80% YoY compared to 2023. In 2024, global ESS market demand continued to grow. Supply side, due to safety and technical considerations, the production and sales of ESS battery cells globally remained dominated by China, while the share of ternary ESS battery cells further declined. ......
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