CATL's energy storage business continues to grow

According to CATL's 2023 annual report, the company will adhere to the core development strategy of "electrochemical energy storage + renewable energy power generation". In 2023, CATL's energy storage system achieved a revenue of 59.901 billion yuan, a year-on-year increase of 33.17%. The sales volume of energy storage battery systems reached 69GWh, a year-on-year increase of 46.81%. Globally, CATL's energy storage battery shipment market share reached 40%, ranking first in the world for three consecutive years.