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2025-09-17 10:55:39
[CATL Zeng Yuqun: Price wars in the energy storage industry are unsustainable and not worth the cost] On September 17, the 2025 World Energy Storage Conference was held in Ningde, Fujian. Zeng Yuqun, founder and chairman of CATL, said in his speech at the conference that price competition in the energy storage industry is extremely fierce. He mentioned that in the past three years, the price of energy storage systems has dropped by about 80%; recently, the winning bid price of a certain centralized procurement project was even lower than 0.4 yuan/Wh, seriously deviating from the cost. He believes that low prices will inevitably lead to reduced quantity and reduced configuration, which will bury quality safety risks in the industry. This will not only cause the gross profit of energy storage companies to shrink rapidly, but the key is that it is unsustainable and not worth the cost.
