Tibco News, "By the time you know where you're supposed to be heading, you often have run out of opportunities to go." What British management guru Charles Handy learned on his journey also unveils the secret to sustained growth for companies - starting a new S-curve before the first one disappears.

The power battery business is in its golden age, and it may be beneficial for battery manufacturers to invest resources to cultivate new businesses at this time to maintain sustained future growth. In the context of energy changes and global geopolitical risks, energy storage equipment needed for new energy generation has become a market need, which is undoubtedly a bigger market cake for battery manufacturers looking for the "second curve".

Downstream demand is strong, production capacity exceeds demand

New energy generation has the disadvantages of intermittency and instability, making the power supply challenges, and energy storage can solve this drawback. Therefore, the National Development and Reform Commission, the National Energy Board issued the "fourteen five" new energy storage development implementation plan "proposed that by 2025, the new energy storage from the initial stage of commercialization into the scale of development stage, with large-scale commercial application conditions.

In recent years, China's new energy storage market scale is growing steadily, in 2021 the new energy storage industry scale of 55 billion yuan, is expected to exceed 100 billion in 2022, the industry scale will reach 289.07 billion yuan in 2024. Among them, battery energy storage occupies an absolute dominant position, and the installed battery energy storage ratio rises to more than 90% in 2021.