China to nearly double battery storage to 180 GW by 2027 in $35bn plan | investingLive

China plans to nearly double its new energy storage capacity to 180 GW by 2027, under a state-backed industry roadmap that foresees 250 billion yuan (US$35 billion) of investment:

• plan released by the state planner, National
  Development and Reform Commission, and the energy regulator

Current capacity, dominated by lithium-ion batteries, stood at 95 GW as of June. China has consistently exceeded past targets, having already achieved its 2025 goal of 30 GW two years early. For context, U.S. utility-scale storage is projected to reach just over 46 GW by the end of 2025. Key Chinese players in the sector include BYD and CATL.

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China’s $35bn battery storage push underscores demand for lithium and boosts BYD, CATL outlook.