It is projected that by 2030, China's demand for ESS batteries will significantly increase, maintaining a compound annual growth rate of over 30%, with an expected production of 1,226 GWh. Meanwhile, the total production of lithium-ion batteries in China is expected to reach 3,800 GWh. The US and European countries are implementing green, low-carbon environmental protection and carbon reduction policies, which will further drive the growth in demand for ESS batteries.