Lv Daliang added that China’s combined power and stationary storage battery exports reached 84.1GWh in Q1, up 36.7% year-on-year. In March alone, China’s combined power and storage battery exports hit 36.1GWh, up 51.0% month-on-month and 57.1% year-on-year.
For storage batteries specifically, Q1 exports totaled 27.3GWh—32.4% of all battery exports—up 15.0% year-on-year. In March, storage battery exports stood at 13.8GWh, making up 38.3% of total battery exports (up 8.9% from February), a 96.9% month-on-month and 52.4% year-on-year increase.
At the company level, several outperformed the average Q1 growth rate, including Gotion High-tech, EVE Energy, Chuneng New Energy, Svolt Energy, China Automotive New Energy, and REPT Battero. Among them, Chuneng, China Automotive and REPT doubled their exports year-on-year, with China Automotive surging 723.2%. Farasis Energy, by contrast, saw exports drop 53.9% year-on-year.
In March, Gotion High-tech, CALB, Chuneng, EVE Energy, Svolt Energy, China Automotive, and REPT all beat the average growth rate. Gotion, Chuneng, EVE, China Automotive, and REPT each posted over 100% year-on-year growth, with China Automotive skyrocketing 4,593.5%. Farasis Energy fell 61.1% year-on-year.