[Energy storage: Sungrow, CATL among five winners of CNNC 2.98GWh storage procurement]

HiTHIUM held a 200GWh shipment milestone ceremony in Chongqing on October 15, doubling from 100GWh in just over a year and rising to No.2 globally in 2025 from fifth in 2023. Its Chongqing plant runs the world's first dedicated long-duration storage cell line, rolling out 200 kAh-class cells per hour with over 89% automation, and was named a WEF Lighthouse Factory in January. Since settling in Tongliang, the company has drawn 18 upstream and downstream firms, generating RMB 10.85 billion in output in January-September, up 54% YoY.

LONGi's Suzhou base officially started production on Oct 9, covering containerized storage, C&I storage and control cabinets. Its grid-scale integration line will have 31GWh annualized capacity from October, expanding to 50GWh in 2027, plus over 10,000 C&I units per year by end-October. LONGi acquired control of Jingko Energy (about 62% voting rights) in Nov 2025; cumulative storage orders exceeded 3GWh in H1 2026, with a 6GWh shipment target for the full year.

[SMM Analysis] During the National Day holiday, energy storage projects in China and overseas continued to advance, and earlier orders still provide strong support for Q4 demand. After the holiday, market focus will further shift from orders and production schedules to delivery, grid connection, and operational fulfillment. The pace at which installations absorb earlier shipments deserves close attention.