List of major listed companies in the energy storage industry: Tianneng Power (688819); Sungrow Power (0757.HK); CLOU Electronics (002121); Hyperstrong (300525); Dynavolt Tech (002684); Narada Power (300068); Gotion (002074); Zhiguang Electric (002169); Nari Technology (600406); Pylon Tech(688063); Zhongtian Technology (600522); Changyuan Group (600525); CATL(300750); BYD (002594); EVE(300014); Sunwoda(300207); Ganfeng Lithium (002460).
Analysis of the Competitive Landscape
— Classify Tier
The energy storage industry can be divided into three competitive tiers based on companies’ registered capital. Among them, companies with registered capital exceeding 20 billion yuan include SHANGHAI ELECTRIC, EVE Lithium Energy, CATL, Zhongtian Technology, and EMIS Energy; companies with registered capital between 10 billion and 20 billion yuan include Sunwoda, Gotion, Farasis Energy, GCL Energy Technology, and Sungrow Power; companies with registered capital below 10 billion yuan include Dynavolt Tech, Zhiguang Electric, Sinexcel Electric, Great Power Energy, and HNAC Technology Etc…
— Company Rankings
According to the 2023 ranking of Chinese energy storage companies, CATL has become the leader in China’s energy storage industry, with business revenue reaching 44.98 billion yuan. The other TOP 5 companies are BYD, Sungrow Power, EVE Lithium Energy, and Painergy Technology, with business revenues of 12.6 billion yuan, 10.13 billion yuan, 9.45 billion yuan, 5.93 billion yuan, and 5.37 billion yuan, respectively.
Regional Distribution of Companies
— Regional Heat Map
Chinese energy storage industry companies are mainly distributed in coastal areas, such as Guangdong with companies like BYD, EVE Lithium Energy, Growatt, and Great Power, and Fujian with CATL and HiTHIUM
