Chinese Energy Storage Battery Shipments Surge Over 80% Year-on-Year In First Half Amid Global Market Boom
Driven by explosive global demand for energy storage solutions, manufacturers based in China have recorded steep expansion in battery shipments across the opening six months of 2026. Preliminary statistics released by GGII, the lithium battery research institute, put domestic energy storage battery output at roughly 485 GWh for the half-year period, marking a year-on-year rise exceeding 80 per cent.
Listed operators spanning the full energy storage industrial chain have released interim profit forecasts as of 9 July, with multiple firms recording positive earnings momentum including net profit growth and turnaround from losses. Major players among these include Ningbo Deye Technology Co., Ltd, EVE Energy Co., Ltd, Shengxin Lithium Energy Group Co., Ltd and Ningbo Ronbay New Energy Technology Co., Ltd.
Industrial Operators Deliver Strong Financial Results
Ningbo Deye Technology published its half-year profit guidance on 9 July. The firm expects net profit attributable to parent shareholders to fall between RMB 2.668 billion and RMB 2.728 billion, representing a 75.28 to 79.22 per cent annual uplift.
Overseas energy storage demand forms the core driver of this sharp earnings expansion. Volatile international oil and gas prices, paired with widening power supply shortfalls triggered by global temperature shifts, have pushed numerous economies to reinforce national energy security frameworks and roll out fiscal subsidies for storage assets. Residential and commercial storage uptake has expanded rapidly across Europe, the Middle East and Southeast Asia. The business has scaled up product deliveries to capture this market window, delivering substantial year-on-year profit gains.
EVE Energy forecasts attributable net profit ranging from RMB 3.13 billion to RMB 3.371 billion for the first half, equating to a 95 to 110 per cent increase against the prior year. Continuous product iteration, service upgrades and streamlined internal workflows have allowed the group to capitalise on rising market appetite, pushing total operating revenue approximately 60 per cent higher year-on-year.
Upstream lithium material suppliers have also seen operational metrics recover. Shengxin Lithium Energy projects half-year net profit of RMB 1 billion to RMB 1.2 billion, swinging from a net loss to profitability. Ronbay New Energy anticipates net profit between RMB 100 million and RMB 120 million, also delivering a full profit turnaround year-on-year.
Domestic Manufacturers Hold Distinct Global Competitive Advantages
The worldwide energy storage battery market retains a concentrated competitive landscape. GGII’s latest industry data records aggregate shipments of more than 400 GWh from the world’s top ten storage battery manufacturers, which together command over 80 per cent of global market share.
Chinese energy storage suppliers hold clear structural edges across the global marketplace. BYD Company Limited shared operational updates via an investor interactive platform, confirming its global energy storage system shipments topped 60 GWh in 2025 to secure the leading global ranking. The conglomerate has built a complete industrial ecosystem covering storage hardware through grid deployment, with product portfolios covering utility-side, grid-side, commercial, fast-charging and household storage applications. Its technology frameworks have supplied secure, integrated storage solutions to more than 650 large-scale energy assets spread across over 110 countries and territories.
Fresh overseas commercial milestones have been secured by BYD’s energy storage division. A formal cooperation agreement with European renewable energy developer Greenvolt Power outlines joint development of a battery storage facility in Poland. Upon completion, the asset will stand as the largest standalone energy storage project operating within Poland, marking another successful deployment of Chinese storage technology within European energy infrastructure.
Ningbo Deye Technology maintains a leading standing within the residential storage sub-sector. Data from Frost & Sullivan ranks the group first by revenue across the global residential storage inverter market in 2024, and places it within the top five operators for complete residential storage system revenue worldwide. Updates shared via the Shanghai Stock Exchange investor interaction channel outline sustained alignment with long-term industry trajectories, consistent capture of emerging commercial opportunities, and full deployment of technical, product and cross-border layout strengths. Expanded product ranges will reinforce and elevate its market positioning across the global storage segment.
A policy research specialist shared analysis with Securities Daily on the industrial outlook. Chinese storage manufacturers demonstrate robust competitive strengths spanning technical capability, unit production costs, manufacturing scale and rapid client response capacity. Global energy storage demand maintains broad long-term growth potential, and leading operators with proprietary innovation pipelines and established international sales networks will continue to capture commercial upside generated by industry expansion.
