Overseas New Energy and Energy Storage Fields

Can Chinese energy companies build factories overseas?

From the perspective of the "going abroad" path for domestic energy storage companies, building factories overseas is one of the important business models for Chinese new energy companies. However, companies can also choose technology licensing and patent licensing methods.

How many electrochemical storage stations are there in 2022?

In 2022, 194 electrochemical storage stations were put into operation, with a total stored energy of 7.9GWh. These accounted for 60.2% of the total energy stored by stations in operation, a year-on-year increase of 176% (Figure 4).

Why should Chinese new energy companies go abroad?

With its vast market space, high profitability, and positive policy support, Europe has become the main destination for Chinese new energy companies looking to go abroad. In this region, Chinese companies have demonstrated strong competitiveness in areas such as photovoltaics, energy storage, and wind energy.

Why are Chinese energy storage companies expanding in Europe?

Due to the strong demand for electrification in Europe and requirements around battery localisation, since 2019, Chinese energy storage companies have been gradually expanding in the European market, fully leveraging the synergies of vertical integration in their industry.