China drives Africa''s battery metals buildout
S&P Global Market Intelligence estimates that the DRC accounts for more than 70% of global cobalt production and approximately half the world''s proven reserves, making it a
ds, and service networks for battery storage systems.At present China does have some market advantages when it comes to the development of BESS infrastructure, including the supply chain related to global lithium-ion battery production,
Current installed new energy storage capacity, which is made up mostly of lithium-ion battery storage, was 95 GW as of June, the regulator, the National Energy Administration, said in August. China has raced ahead of its energy storage targets in the past.
The policy and regulatory roadmap is aimed at pushing China's installed base of large-scale energy storage – primarily lithium-ion battery energy storage systems (BESS) – to 180GW by the end of 2027.
Leading energy storage battery companies in China include BYD (002594.SZ), which is also the country's biggest electric vehicle maker, and CATL (300750.SZ).
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