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[global network energy comprehensive report] in the first half of 2024, the energy storage battery industry as a whole faced severe challenges. the semi-annual reports released by many well-known listed companies showed that their performance had not improved significantly, and some companies even saw a decline in revenue and net profit. it is reported that leading companies including catl, eve energy, and penghui energy, as well as ruipu lanjun, which has continued to lose money, have been affected to varying degrees by the industry's difficulties.

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as of august 29, a number of listed energy storage battery companies have released their financial reports for the first half of 2024. data show that although catl still maintains its leading position in the industry, its revenue has declined; the revenue and net profit of eve energy and penghui energy have both shown a downward trend; and ruipu lanjun continues to be in a loss-making state. the main businesses of the above-mentioned companies include power batteries and energy storage battery products. since 2020, energy storage batteries have gradually become their important growth driver. however, affected by factors such as the mismatch between supply and demand of production capacity and the intensification of internal circulation,the price of energy storage batteries began to fall irrationally in 2023, putting pressure on corporate profitability.

industry insiders said,the low-price competition in the energy storage battery market has spread from battery cells to system integration.this further exacerbated the difficulty of profitability for enterprises. data showed that as of the end of june, the average price of lithium carbonate energy storage cells of different specifications had fallen to a historical low, far exceeding industry expectations. yiwei lithium energy executives said at an investor event that despite the reduction in material prices, the overall sales price still fluctuated greatly, and the price of energy storage batteries had basically bottomed out. however, while shipments increased, the decline in sales prices led to a decline in the total revenue of the energy storage business.

at the same time, the competitive landscape of the energy storage battery market is also changing. data released by third-party consulting firm infolink consulting shows that in the first half of 2024, the top five companies in terms of total energy storage cell shipments include catl, eve energy, ruipu lanjun, haichen energy storage and byd, and the industry concentration remains high. it is worth noting that eve energy moved up to second place in the first half of this year, while byd fell to fifth place.

faced with fierce market competition, energy storage battery companies have adopted diversified breakthrough strategies.on the one hand, companies have begun to extend the industrial chain and expand into the energy storage system integration link. leading companies such as catl and eve energy have increased their investment in system integration and strived to improve their market competitiveness. on the other hand, global layout has become an important direction for companies. with the increase of international trade barriers and the saturation of the domestic market, energy storage battery companies have turned their attention to overseas markets to seek new growth points.

according to statistics, in the first half of this year, the scale of energy storage orders disclosed by energy storage battery companies exceeded 67gwh, and the large orders mainly came from well-known companies such as eve energy, ruipu lanjun, and haichen energy storage. these companies are accelerating their layout in overseas markets, and southeast asia and the united states have become the main directions for their production capacity to go overseas.