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China's Battery Giants Boost Energy Storage Capacity by 600 GWh

4/9/2026

Summary

Story summary

China's top battery manufacturers plan to increase energy storage system (ESS) production capacity by over 600 GWh in early 2026.
Contemporary Amperex Technology Ltd (CATL) and Gotion High-tech will invest 180 billion yuan ($26.3B) to build new lithium-ion battery factories.
The projects target 900 GWh annual capacity, with about 70% for ESS and 30% for electric vehicles.
ESS stores excess renewable energy and provides backup power, stabilizing electricity grids.

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Story summary

China's top battery manufacturers plan to increase energy storage system (ESS) production capacity by over 600 GWh in early 2026.
Contemporary Amperex Technology Ltd (CATL) and Gotion High-tech will invest 180 billion yuan ($26.3B) to build new lithium-ion battery factories.
The projects target 900 GWh annual capacity, with about 70% for ESS and 30% for electric vehicles.
ESS stores excess renewable energy and provides backup power, stabilizing electricity grids.