NUMBER OF THE DAY
Global sales of batteries for energy storage systems doubled to 240,21 GWh in the first 6 months this year.
🔋 China scales up: From today’s 95 GW to 180 GW of storage capacity by 2027, backed by a USD 35 billion investment. For comparison: that’s roughly the stored energy equivalent of 180 large nuclear power plants. Old coal plants and desert areas are being converted into battery parks.
📈 Market euphoria: CATL shares jumped 10%. The battery giant already controls 42% of China’s market. The kicker: in Hong Kong, the stock trades at a 20% premium over Shenzhen — global investors are willing to pay up for China’s energy transition champion.
Watch: Energy storage is the key to the green transition. Without it, solar power generated during the day goes to waste. China is building the same dominance here as it already has in solar panels and EV batteries.
The China Survival Guide for Western Businesses
Entity setup, WeChat strategy, hiring your first local team. 12+ years on the ground in Shanghai.
