In 2024, the industry concentration of energy storage battery remained high, with the CR10 reaching 90.9%, almost unchanged from the first three quarters of 2024. The top five global energy storage battery suppliers for the year were CATL, EVE Energy, BYD, Hithium, and CALB. The key market themes for the year were Stability and Shifts.
Stability: CATL continued to solidify its market-leading position, maintaining its dominance as the top player in the industry, with its “energy storage as a second growth engine” strategy showing positive results. EVE Energy has held the second position in the industry since Q1 of 2024, with a notable competitive edge.
Shifts: In 2024, EVE Energy surpassed BYD to claim the second spot, while CALB entered the top five, marking its debut in the industry’s leading ranks. Envision AESC ranked 7th, making its first appearance in the annual top ten list. Samsung SDI and LG Energy Solution, dropped from 6th and 8th place in 2023 to 10th and 11th in 2024, respectively. Looking at the quarterly rankings throughout 2024, the positions of the top five companies showed dynamic shifts, reflecting the intense market competition.
Source: WeChat Official Account—InfoLink Consulting
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