Analysis of China's energy storage industry under the dual carbon policy

Yongquan Wu; Rong Yang

doi:10.54691/bcpbm.v31i.2658

Authors

Yongquan Wu
Rong Yang

DOI:

https://doi.org/10.54691/bcpbm.v31i.2658

Keywords:

Dual carbon; CATL; SWOT analysis; financial analysis; PEST analysis.

Abstract

With the increasingly serious global climate problem, green, low-carbon and sustainable development has become the main trend of global economic development. China has proposed a "dual carbon" target, and energy storage technology is one of the important supporting technologies to fulfill the "dual carbon" goal. As a key development area of the National "2025" plan and the "13th Five-Year plan" strategic plan, the energy storage industry has great potential for the future. As one of the leading enterprises in the energy storage sector, CATL has the advantages of advanced technology and large market share in the competitive environment. Therefore, this paper uses SWOT analysis and financial analysis to analyze CATL's internal and external environment and various financial indicators. PEST analysis is used to analyze elements both internal and external that affect the current energy storage industry market. It lays the theoretical groundwork for future development of CATL. It also provides experience for other Chinese energy storage enterprises to stabilize the domestic market and expand the international market.

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