Top Lithium Battery Exporters in 2025: Which Country Leads the Global Market?
The research institutions EVTank and Ive Economic Research Institute, together with the China Battery Industry Research Institute, have jointly released the "White Paper on the Development of China's Energy Storage Battery Industry (2025)". According to the white paper statistics, the global shipment of energy storage batteries reached 369.8 GWh in 2024, a year-on-year increase of 64.9%. Among them, lithium iron phosphate batteries accounted for 92.5% of the global energy storage battery market in 2024.
According to EVTank data, in 2024, the shipment volume of energy storage batteries by Chinese enterprises was 345.8 GWh, accounting for 93.5% of the global energy storage battery shipment volume, and the global proportion of Chinese enterprise shipment volume further increased by 2.6 percentage points.
Thanks to the comprehensive lithium iron phosphate battery conversion of energy storage batteries, Chinese enterprises have a more obvious competitive advantage. In 2024, the top eight companies in the top ten global energy storage battery shipments were all Chinese enterprises. Among them, CATL accounted for 29.5% of the global market share with nearly 110GWh of energy storage battery shipments, followed by EVE Energy, Xiamen Haichen, BYD, Yuanjing Power, China Innovation Airlines, Ruipulan Jun, and Guoxuan High tech. Korean companies Samsung SDI and LGES ranked ninth and tenth respectively.
InfoLink, a research institution, recently released the 2024 global and overseas market rankings for energy storage batteries. According to data, among the top 10 companies in the global market for energy storage batteries in 2024, the top nine are all Chinese companies, namely CATL, EVE Energy, BYD, Haichen Energy Storage, Zhongchuang Chuanghang, Ruipu Lanjun, Yuanjing Power, Guoxuan High tech, and Penghui Energy. Samsung SDI ranks tenth.
In overseas markets, Chinese companies still have a clear advantage. The top 10 companies for energy storage batteries in the overseas market in 2024 are CATL, BYD, EVE Energy, Yuanjing Power, Ruipu Lanjun, Samsung SDI, Haichen Energy Storage, and China Innovation Aviation LGES、 Guoxuan High tech, with Chinese enterprises occupying 8 seats. It is worth mentioning that although Chinese enterprises have taken the lead in the field of energy storage and have relatively high profit margins in overseas energy storage markets, they still need to be vigilant about multi-dimensional challenges such as policy regulations and trade barriers, localization testing and channel barriers, technical barriers and compensation risks, supply chain localization cost pressure, and cultural differences in exploring overseas markets.
In January of this year, CATL filed an arbitration with the Hong Kong International Arbitration Centre due to Powin, a US energy storage system integrator, owing over 300 million yuan in unpaid payments. According to media reports, CATL submitted an application for interim arbitration measures to the Oregon Circuit Court in December 2024, citing Powin's accumulated debt of approximately 310 million yuan (approximately 44 million US dollars) in battery orders for 2022 and 2023. CATL provided the corresponding batteries to Powin's Chinese subsidiary Yangzhou Fengwei New Energy Technology Co., Ltd. according to the contract, but did not receive full payment. Powin's energy storage battery suppliers in China are not just CATL, but also include EVE Energy, Ruipu Lanjun, and Haichen Energy Storage.
Based on the predictions of multiple institutions, the global shipment of energy storage batteries is expected to be concentrated in the 450-500GWh range by 2025, continuing the high-speed growth trend. With the continuous expansion of the energy storage battery market, the trend of complementary multi technology routes has become prominent. The cost of sodium electricity has further decreased, and the mass production process of solid-state batteries has accelerated. In the future, electrochemical energy storage technology will present a pattern of "lithium sodium complementarity and solid-state breakthrough".
