Zeng Yuqun of Ningde Times: The Gross Profit of Energy Storage Enterprises Shrinks Rapidly, and the Price War Is Not Worth the Loss!

2025-09-17 13:19:15

On September 17, the 2025 World Energy Storage Conference was held in Ningde. Zeng Yuqun pointed out that China has the most complete and advanced energy storage industry chain in the world and is the largest energy storage market. Last year, the installed capacity of new energy storage exceeded 100 million kilowatt-hours. However, the industry is facing challenges, such as security risks, fierce price competition, false product parameters, technology homogenization, disorderly expansion and so on. He believes that the high-quality development of industry should adhere to the bottom line of safety, build an empirical and credible market environment, strengthen the protection of intellectual property rights, encourage innovation, and the Ningde era has also made many practices.

On September 17, the 2025 World Energy Storage Conference was held in Ningde, Fujian Province. Zeng Yuqun, founder and chairman of Ningde Times, said in his speech at the conference that China currently has the most complete, largest and technologically advanced energy storage industry chain in the world, with energy storage battery and system shipments accounting for more than 90% and 70% of the global market, respectively. And. China has become the world's largest energy storage market, with new energy storage installations exceeding 100 million kilowatt-hours last year.

But at the same time, Zeng Yuqun also said that while fully affirming the achievements of the industry, we should also be aware of some of the current challenges. He believes that the energy storage industry has the following main challenges :

First, security risks need to be highly valued. According to incomplete statistics, by May 2025, there had been 167 energy storage safety accidents in the world. With the increasing call frequency of energy storage system , the safety of energy storage power stations is facing a greater test. Many important energy storage node power stations of independent energy storage can not rest, and have been working and withstanding the test of time.

Second, the price competition is extremely fierce. Zeng Yuqun introduced that the price competition in the energy storage industry is extremely fierce at present. In the past three years, the price of energy storage system has dropped by about 80% , and the winning bid price of a recent centralized procurement project is even lower than 0.4 yuan/Wh , which seriously deviates from the cost. He believes that low prices will inevitably lead to reduction and allocation, which will bury hidden dangers of quality and safety for the industry.

Third, some product parameters are falsely marked. Zeng Yuqun introduced that many enterprises do not make efforts in research and development, but only make articles on product parameters and pat their heads on quality assurance life. From the operation effect of the project, the life of some projects is far below the promise.

Fourth, the problem of technology homogenization appears. Zeng Yuqun said that with the support of capital, many enterprises have chosen to take shortcuts, tend to copy and copy, and will not innovate and develop independently. "Innovation and R & D cost money," he said. The question is, if everyone wants to take shortcuts, who will do the innovation?

The five is disorderly expansion and rushing headlong into mass action. Zeng Yuqun said that at present, there are more than 300 thousand registered energy storage enterprises. Full marketization will accelerate the shuffling of the industry, a large number of enterprises will be eliminated, and "orphan power stations" will emerge . Zeng Yuqun introduced that the so-called "orphan power station" means that the enterprise has been closed, but the power station is still there and no one maintains it.

In this regard, Zeng Yuqun believes that the energy storage industry to achieve high-quality development, to do the following four points:

First, to adhere to the bottom line of energy storage safety. Safety is the foundation of energy storage development, once a safety accident occurs, it will impact the investment logic and social trust of the whole industry. "We must put safety at the forefront of all decisions." The safety of

energy storage is a systematic project. In the Ningde era, a multi-level security system for energy storage has been established in terms of material selection, development and design, extreme manufacturing, and empirical testing. "We have reduced the safety failure rate of the battery core from PPM level to PPB level, that is, one in a billion."

Second, build an empirical and credible market environment. Reality is the guarantee of sustainable development of energy storage industry and the basic requirement for market participants. Ningde Times has established the most advanced reliability evaluation system in the industry, developed "accelerated test", "equivalent test" methods and life prediction models, accurately predicted and verified battery life, all commitments are supported by data.

Third, we should strengthen the protection of intellectual property rights and encourage innovation. Without innovation, the energy storage industry has no future. Protecting intellectual property is protecting innovation.

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Correlation

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