China solar companies Layout

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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 Energy (300014)
Sunwoda (300207)
Ganfeng Lithium (002460)

Analysis of the Competitive Landscape

Tier Classification

The energy storage industry can be divided into three competitive tiers based on companies’ registered capital:

Tier 1 (Registered capital exceeding 20 billion RMB): Includes SHANGHAI ELECTRIC, EVE Lithium Energy, CATL, Zhongtian Technology, and EMIS Energy.
Tier 2 (Registered capital between 10 billion and 20 billion RMB): Includes Sunwoda, Gotion, Farasis Energy, GCL Energy Technology, and Sungrow Power.
Tier 3 (Registered capital below 10 billion RMB): Includes Dynavolt Tech, Zhiguang Electric, Sinexcel Electric, Great Power Energy, HNAC Technology, and others.

Company Rankings

According to the 2023 rankings of Chinese energy storage companies, CATL has established itself as the market leader in China’s energy storage sector, with segment revenue reaching 44.98 billion RMB.

The remaining TOP 5 companies include BYD, Sungrow Power, EVE Lithium Energy, and Pylontech, with energy storage revenues of 12.60 billion RMB, 10.13 billion RMB, 9.45 billion RMB, and 5.37 billion RMB, respectively.

Regional Distribution of Companies

Regional Heat Map

Chinese energy storage companies are predominantly concentrated in coastal regions. Key hubs include Guangdong—home to major players like BYD, EVE Lithium Energy, Growatt, and Great Power—and Fujian, which hosts CATL and HiTHIUM.

Guangdong Province: