| Category | |
|---|---|
| Author | InfoLink |
| Updated | April 27, 2023 |
The world shipped 43.9 GWh of energy storage batteries in the first quarter of 2023. Shipping 14 GWh, CATL topped the spot as the leading battery manufacturer but saw a slight decrease in market share due to market volatility. BYD, REPT, and EVE Energy held the second to fourth positions each with a shipment volume of over 3 GWh. Other manufacturers in the top ten list each shipped 1-2 GWh. The ranking is little changed compared with 2022, except South Korean battery maker Samsung SDI dropped out of the top five.
In the first quarter of 2023, a sharp price decline of battery-grade lithium carbonate recently created a strong wait-and-see attitude among downstream customers which affected shipments and primed the energy storage market for growth over the next three quarters. InfoLink survey finds manufacturers operating at 50% of utilization rates in the first quarter. Prices for energy storage cells come in at RMB 0.7-0.8/Wh, with some major manufacturers offering price quotes below RMB 0.7/Wh. Against this backdrop, prices for containers of DC-coupled ESS in China come in at RMB 1.05-1.3/Wh. InfoLink expects the number to drop to RMB 0.9-1/Wh in the second half of 2023, propelling another growth spurt in the energy storage market.
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