Mainstream lithium battery technology continues to compete fiercely

　　"With the decline in lithium prices, the quotes for energy storage business are now more aggressive, with quotes from non top companies being more aggressive." Wu Tao, Marketing Director of China Innovation Aviation Group, told reporters, "Although the company is still developing healthily in energy storage business, most companies in the energy storage industry are indeed in the vicinity of losses or breakeven points. If after-sales service costs are included, even the top ten companies in the industry cannot guarantee profitability."

　　Wu Tao said that one of the reasons why many companies are able to offer low prices at present is that large storage projects with large shipments, such as photovoltaic and wind energy, require mandatory allocation of storage, and many of the storage energy is not used, which may pose potential maintenance pressure in the future. Although there is some room for negotiation on maintenance costs, currently it is a buyer's market and there is not much room for negotiation.

　　In addition to fiercely competitive local enterprises, Tesla will also focus on energy storage business from 2024. Recently, Tesla completed the land transfer contract for the Shanghai Energy Storage Super Factory project. Tesla officials have confirmed to reporters that the new factory plans to start construction in the first quarter of 2024 and start production in the fourth quarter. The initial plan is to produce 10000 commercial energy storage batteries annually, with a storage capacity of nearly 40 gigawatt hours.

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