What percentage of CATL's global sales does the company expect energy storage to represent by 2030, and how does that compare to its current share?

CATL expects energy storage to account for half of its global sales by 2030, up from 25% currently, according to Kevin Tang, CATL's director of energy storage systems for Europe, as reported by Reuters.

What are the main drivers behind CATL's rapid expansion into energy storage, and what challenges does the business face in this sector?

The main driver is the growing need to complement intermittent renewable energy sources, as stated by Tang: 'Once we have more renewable energy, we need energy storage.' Key challenges include profitability pressures, rising raw material prices (lithium, copper, aluminium) linked to geopolitical events like the U.S.-Israel war with Iran, and safety concerns—evidenced by CATL’s $440 million investment in an energy storage testing centre to investigate fires and explosions. Tang also noted that while energy storage in Europe avoids strict local-sourcing requirements unlike the auto industry, making such projects profitable remains a challenge for the energy industry.

Chinese battery maker CATL expects energy storage to make up half of global sales by 2030

Jun 4, 2026

CATL forecasts energy storage sales to reach 50% globally by 2030 amid rising renewable demand. The company plans a $440 million testing facility and secures lithium mining to manage raw material supply chain risks.

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Chinese battery maker CATL expects energy storage to make up half of global sales by 2030

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