On March 31, 2025, it was reported that investors were inquiring about the position of Kexin Technology in the energy storage market. The global shipment of energy storage batteries is projected to reach 369.8 GWh in 2024, representing a 64.9% increase year-on-year, with China’s share at 345.8 GWh. Questions were raised regarding whether Kexin Technology has a significant presence in this market, especially given the company’s stagnant shipment growth. Investors also sought information on the company’s core technologies in energy storage and their market alignment.
In response, Kexin Technology highlighted data from GGII, indicating that global shipments of energy storage lithium batteries are expected to exceed 320 GWh in 2024. The residential energy storage battery segment is estimated to ship around 26 GWh, while commercial and industrial energy storage batteries are projected at 10 GWh. Notably, large-scale storage continues to dominate the market share.
The company’s energy storage products primarily cater to the commercial and residential markets, though these specific segments currently account for a smaller portion of total shipments. Kexin Technology’s offerings include lithium iron phosphate standard cells, lithium iron phosphate standard battery modules, household storage systems, wall-mounted household storage, and commercial energy storage systems.
The core technologies behind the company’s battery products include 2U high energy density lithium-ion battery technology and long-life, high-capacity, high-energy density square lithium-ion battery technology. Kexin Technology is committed to continuous product development and aims to diversify its sales channels to drive new growth for the company.
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