On May 14, the White House announced significant tariff increases on Chinese EVs and batteries. EV tariffs will jump from 25% to 100%, and battery tariffs will rise from 7.5% to 25%. TrendForce posits that Chinese EVs account for ... more
Analysis
NEV Sales Increase 16.9% in the First Quarter of 2024 While PHEV Sales Surge Nearly 50%, Says TrendForce |
| published: 2024-05-30 16:55 |
According to TrendForce Global Automotive Reports, the global sales of NEVs (including BEVs, PHEVs, and FCEVs) surged to 2.842 million units in 1Q24—making a 16.9% YoY increase. Notably, this is the first time in three years that ... more
Monthly Energy Storage Industry Report: U.S. and Europe |
| published: 2024-05-29 17:45 |
The U.S. Sees High Increase in Installations
According to the EIA, energy storage installations in the U.S. saw a significant increase in April compared to last year. In April alone, the U.S. installed 523.3 MW/1129.9 MWh of energ... more
Biden ratchets up tariffs on Chinese EVs, solar, batteries |
| published: 2024-05-15 15:46 |
On May 14, the White House issued a statement saying that it would significantly increase tariffs on Chinese EVs, lithium batteries, solar cells, steel and aluminum, cranes and other products imported from China. Among them, the t... more
Energy Storage Industry Outlook from 2024 to 2029 |
| published: 2024-05-13 17:02 |
The principles governing industrial growth mirror the vertical trajectory of the sector, encompassing its inception, maturation, and establishment.
In 2022 and 2023, China’s new energy sector continued its upward trajectory, with ... more
Four Keywords Shaping the New Energy Storage Industry in 2024 |
| published: 2024-05-10 17:48 |
Amidst the pursuit of dual carbon targets, there's a heightened focus on advancing new energy storage technologies. Lithium-ion, compressed air, and other storage methods are poised for significant development, indicating a promis... more
Policy- and Demand-Driven Surge: C&I Energy Storage Market Booms Amidst Rising Demand |
| published: 2024-05-08 17:45 |
In 2023, the commercial and industrial (C&I) energy storage sector saw a significant uptick in installations, marking a pivotal moment with 4.77 gigawatt-hours (GWh) of energy storage capacity added. This surge was largely fue... more
With the rapid development of residential energy storage in Europe, it has emerged as a key player in the realm of energy transformation. On one hand, the imperative of transitioning to renewable energy sources is undeniable. On t... more
Unveiling the Unique Traits of Regional Residential Storage Markets |
| published: 2024-05-06 17:35 |
The European energy storage market is primarily fueled by its commitment to enhancing energy self-sufficiency and the compelling economics of energy storage systems (ESS). As the destocking process gradually nears its conclusion, ... more
Rising Popularity: Unveiling the Growing Appeal of the Energy Storage Industrial Chain |
| published: 2024-04-30 17:10 |
In 2023, amidst a fierce price war among suppliers and a fragmented competitive landscape, the domestic energy storage companies find themselves heavily reliant on mandatory policy installations. Concerns about future development ... more
