SMM Analysis: Energy Storage Battery Production to Exceed 180GWh in 2023, CATL Leads in Shipments
SMM, March 21: According to SMM data, China's energy storage battery production is expected to reach approximately 183GWh in 2023, representing an 81% increase compared to 2022. The increased demand in 2023 is primarily driven by front-of-meter energy storage, with front-of-meter energy storage battery production accounting for over 80% of the total. In 2023, the CR5 market share of the energy storage battery industry reached 75%, with CATL ranking first in shipments, exceeding...
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