On February 14, InfoLink Consulting, an authority in the energy storage industry, released the ranking of global energy storage market shipments in 2024. The report shows that global energy storage battery shipments are expected to reach a staggering 314.7 GWh in 2024, a significant year-on-year increase of 60%.
The surge in demand highlights the growing importance of energy storage solutions in the transition to renewable energy and electric vehicles. As the market develops, industry concentration remains at a high level, with the top ten companies accounting for up to 90.9% of the market share. Among them, Contemporary Amperex Technology Co., Ltd. (CATL) stands out with an absolute advantage and consolidates its position as a market leader.
CATL’s continued performance in the power battery sector further highlights its dominance. According to the latest data from SNE, CATL has maintained the top position in global power battery installations for eight consecutive years. This achievement is attributed to CATL’s strategic focus on energy storage as the “second growth pole”, which has achieved impressive results. The company’s innovative approach and commitment to technological advancement have enabled it to maintain its lead among competitors, making it the first choice for electric vehicle manufacturers and energy storage system providers.
Technological innovation and product features
CATL’s success is largely due to its relentless pursuit of technological innovation. The company has made significant advances in battery materials, structural design and manufacturing processes, producing products with high energy density, enhanced safety and extended cycle life. CATL’s battery cells are designed to provide electric vehicles with longer driving range, addressing one of the main concerns of consumers. With a focus on safety, CATL uses an advanced battery management system (BMS) and strict quality control measures to minimize risks such as overheating and short circuits.
In addition to safety and energy density, CATL’s battery cells are engineered for long life. The design prioritizes cycle life, ensuring the battery maintains optimal performance even after multiple charge and discharge cycles. This durability means lower replacement costs for users, making CATL’s products an affordable option in the long run. Additionally, the company is committed to fast-charging technology, which enhances the user experience by allowing for rapid charging, a crucial feature for EV users on the go.
Committed to sustainable development and global expansion
In an era where environmental protection is paramount, CATL is committed to using environmentally friendly materials in battery production. The company actively explores sustainable development paths, including battery recycling programs, to minimize environmental impact. This commitment to sustainable development is not only in line with global efforts to combat climate change, but also makes CATL a responsible leader in the energy storage market.
In order to better serve the international market, CATL has established multiple production bases and R&D centers around the world. This global layout enables the company to quickly respond to customer needs and market demands, consolidating its key position in energy storage and electric vehicles. As CATL continues to innovate and expand, it calls on countries around the world to work together to create a green and renewable energy future. By promoting cooperation and sharing best practices, countries can work together to achieve win-win results in the pursuit of sustainable energy solutions.
In summary, with high performance, safety and technological innovation, CATL’s batteries have become an important choice in the electric vehicle and energy storage markets. As the global demand for energy storage solutions continues to grow, CATL’s leadership and commitment to sustainable development will play a key role in shaping the future of energy. Through united efforts across borders, we can pave the way for a greener and more sustainable world, ensuring that future generations benefit from clean and renewable energy.
Email:edautogroup@hotmail.com
Phone / WhatsApp:+8613299020000
Post time: Mar-15-2025