Fuelled by rapidly increasing demand within China itself, Chinese batteries account for nearly 90 per cent of global capacity for energy storage systems (ESS), including a market share of more than 80 per cent in the US and more than 75 per cent in Europe.
Huijue Group's Home Energy Storage Solution integrates advanced lithium battery technology with solar systems. Ranging from 5kWh to 20kWh, it caters to households of varying sizes. It reduces electricity bills and serves as emergency backup power, providing a seamless, intelligent, and one-stop energy solution.
Although these tax credits will be eliminated in September 2025, China is likely to remain a “foreign entity of concern” in the battery and EV industries. Korean battery producers also face challenges in Europe. The EU battery law, which focuses on sustainability concerns, establishes an EU “battery passport.”
China dominates the battery market, producing around three-quarters of the batteries sold globally in 2024. Fierce competition in China's battery market, which has nearly 100 producers, and supply chain integration contributed to a 30 percent drop in its battery prices last year, the largest in the world.
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