Half-Year Earnings Hit ¥56 Billion! Financial Reports of Eight Energy Storage Battery Companies for the First Half of 2026 Released

According to corporate financial reports, expanding demand in the energy storage sector is the primary driver behind this round of revenue growth. CATL, EVE Energy, Gotion High-Tech, and PNE Energy all cited global energy transition, AI-driven data centers (AIDC), and sustained growth in energy storage market demand. Among them, CATL ranked first globally in energy storage battery shipments from January to June 2026; EVE Energy ranked second globally in energy storage shipments; Sunwoda’s deep focus on its core energy storage business drove rapid revenue growth—its AIDC energy storage orders surged nearly 30-fold year-on-year in the first half; Gotion High-Tech’s energy storage cells and systems received Tier 1 certification from S&P Global Commodity Insights and were named a Tier 1 global energy storage manufacturer by BloombergNEF; Ganfeng Lithium explicitly identified its energy storage segment as the core driver behind substantial improvements in both revenue and gross profit—achieving dual growth in both metrics. Specifically, four companies generated over ¥10 billion in energy storage revenue: CATL (¥53.26 billion), EVE Energy (¥15.094 billion), CALB (¥10.579 billion), and PNE Energy (¥10.295 billion). Notably, energy storage accounted for more than 50% of total revenue for both PNE Energy and Ruipu Lanjun. Compared with the same period last year, CATL, EVE Energy, CALB, PNE Energy, Ruipu Lanjun, Ganfeng Lithium, and Sunwoda all posted year-on-year growth in energy storage revenue. Four companies achieved energy storage gross margins exceeding 15%. CATL CATL’s total revenue for the first half of 2026 reached ¥276.916 billion, up 54.8% year-on-year; net profit amounted to ¥43.284 billion, up 41.98% year-on-year. Revenue from energy storage battery systems stood at ¥53.26 billion, up 87.54% year-on-year. However, due to a sharp 91.46% increase in operating costs, CATL’s energy storage gross profit margin declined by 1.56 percentage points year-on-year—yet remained high at 23.96%. By comparison, power batteries remain its core business, generating ¥192.125 billion in revenue (up 46.02% year-on-year) with a gross margin of 20.63%. In the first half of this year, CATL officially launched its sodium-ion battery energy storage system and signed a three-year strategic cooperation agreement with Haibosichuang for a total of 60 GWh of sodium-ion battery energy storage projects—accelerating sodium-ion batteries toward industrialization. Meanwhile, CATL partnered with supply-chain enterprises to deploy a 2 GWh standalone large-scale grid-side energy storage project, establishing a benchmark for such applications. In overseas markets, CATL secured multiple energy storage system integration projects across Germany, Spain, Chile, Malaysia, and Australia. European projects include black-start applications, supporting local grid stability through large-scale deployment of integrated energy storage systems. EVE Energy EVE Energy achieved ¥45.691 billion in revenue for the first half of 2026, up 62.20% year-on-year; net profit totaled ¥3.301 billion, up 105.66% year-on-year. Revenue from energy storage batteries reached ¥15.094 billion, up 69.15% year-on-year, while the gross margin for its energy storage business stood at 12.51%, down 1.36 percentage points year-on-year. During the reporting period, the company shipped 35.76 GWh of power batteries, up 66.47% year-on-year; energy storage battery shipments totaled 44.46 GWh, up 54.88% year-on-year; commercial vehicle battery solutions and large-format cylindrical battery businesses continued scaling rapidly, showing significant growth momentum.

Two Orders in Five Days! Why Are CATL’s Two 7 GWh Sodium-Ion Energy Storage Orders Both Located in Europe?

CATL (300750) has reported successive breakthroughs in sodium-ion energy storage. Following its announcement on July 16 of a 5 GWh sodium-ion energy storage order with Dutch firm Alfen, CATL announced on July 21 another 2 GWh collaboration with a European enterprise—accelerating the deployment of its Tianheng sodium-ion energy storage system across Europe. ▍Two Orders in Five Days, Totaling 7 GWh On the evening of July 21, CATL’s official WeMedia account announced that it recently signed a 2 GWh Tianheng sodium-ion energy storage cooperation agreement with Solarpro—a leading Eastern European renewable energy company. The two parties plan to jointly deploy the first large-scale sodium-ion energy storage project in Central and Eastern Europe within this year. As long-term strategic partners, CATL and Solarpro first collaborated in 2024, deploying a 150 MWh EnerC+ liquid-cooled energy storage system in Bulgaria. This latest agreement marks their formal expansion into the cutting-edge field of sodium-ion batteries. According to incomplete statistics compiled by Industry Insight Energy Storage, CATL’s publicly disclosed energy storage orders in 2026 total 85.4 GWh—including 67 GWh of sodium-ion energy storage orders. The largest single order was the 60 GWh sodium-ion battery collaboration signed with Haibosichuang (688411) in April. From launching its dedicated sodium-ion battery for energy storage in April, to unveiling its sodium-ion energy storage system in June, and then securing consecutive orders in Europe in July, CATL completed the full commercialization loop for sodium-ion energy storage in 2026—transforming sodium-ion technology from a conceptual proposition into a proven, operational business model. Another successful overseas order further strengthens Chinese enterprises’ first-mover advantage in next-generation energy storage technologies. ▍Why Europe? Industry Insight Energy Storage believes CATL’s two major orders landing in Europe reflect Europe’s urgent demand for sodium-ion energy storage, coupled with clear technological and production capacity gaps—making it a key current market for sodium-ion applications. First, product characteristics align precisely with real European energy storage needs: The Tianheng sodium-ion system offers 15,000 charge-discharge cycles (corresponding to stable operation for 25–30 years) and retains 92% of its capacity at -20°C—directly meeting Eastern Europe’s critical demand for low-temperature performance. Simultaneously, CATL’s partnership with Dutch firm Alfen targets Western Europe’s mature but grid-congested markets, testing the system’s competitiveness in distributed and grid-connected energy storage applications—not as a low-cost lithium-ion substitute, but rather carving out a differentiated growth niche in extreme cold environments and applications demanding ultra-long cycle life and high safety—segments where lithium-ion batteries still fall short amid intensifying price competition. Second, supply chain security concerns: Europe’s continuously growing renewable energy installations have widened its energy storage gap—but the region remains heavily reliant on imported lithium resources. Earlier this year, the European Economic and Social Committee (EESC), an EU advisory body, stated that supporting sodium-ion battery technology would reduce the EU’s supply chain vulnerability, given sodium’s wide natural abundance and easy accessibility across the continent—and called on the EU to allocate dedicated funding for sodium-ion batteries in its next seven-year budget. Third, from a commercial logic perspective, sodium’s resource advantage is striking: Sodium reserves in the Earth’s crust are approximately 1,000 times greater than lithium’s—enabling buyers to completely avoid cost volatility in energy storage projects caused by dramatic fluctuations in lithium prices.

CATL Sees Australian Interest in Nascent Sodium-Ion Batteries

4 days ago

CATL aims to convert growing Australian interest into investments for its new sodium-ion battery storage systems, utilizing sodium instead of traditional lithium. The company has already deployed these products in China and Europe following their June launch.

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CATL Sees Australian Interest in Nascent Sodium-Ion Batteries

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