Business Hot Topic: From 4GW to 155GW! China's Energy Storage Soars 3700%, Capturing 90% of U.S. Market! Another National Security Landmine?

As the artificial intelligence boom accelerates, China is heavily investing in large-scale battery energy storage systems. Just five years ago, China's total installed capacity for energy storage batteries was less than 4 gigawatts (GW). However, by the first quarter of this year, China's new energy storage capacity—primarily batteries—has skyrocketed to around 155GW. In June, the Chinese government announced a target of reaching 300GW by 2030 (source: The Wall Street Journal). More significantly, according to estimates by Benchmark, over 90% of battery storage systems installed in the U.S. last year utilized Chinese battery cells. This dominance has sparked concerns about the next potential national security risk. VVIP members can unlock the full report. To discuss global geopolitical dynamics and investment markets with industry elites, join the 'Hot Topic! Wall Street' LINE community (password: WSJWSJ).