CATL Aims for Energy Storage to Reach Half of Sales by 2030
Chinese battery maker CATL announced plans to expand its energy storage business to half of total sales within four years. The shift follows reduced U.S. electric vehicle incentives and broader changes in global energy markets.
theconstructionindex.co.ukCATL, which holds 38 percent of the global EV battery market, stated it wants energy storage to account for half its sales by 2030. The target marks an increase from 2 percent five years earlier. The company said the move comes as EV demand faces new pressures.
com reported that Trump administration policies have reduced incentives for electric vehicles, prompting some manufacturers to explore grid-scale storage options.
Waymo has partnered with B2U Storage Solutions to repurpose used robotaxi batteries for solar and wind storage systems. The arrangement illustrates one approach to extending the value of existing battery capacity. CATL's announcement follows similar steps by other firms in the EV supply chain.
Companies are seeking additional markets for both new and previously used battery products. The company did not provide details on specific projects or timelines beyond the 2030 sales target.
