Ningde era chairman Zeng Yuqun: Malicious low-price competition in the energy storage industry has planted quality and safety risks for the industry.

On September 17, 2025, the World Energy Storage Conference was held in Ningde. Zeng Yuqun, Chairman of CATL, pointed out at the opening ceremony of the conference that the current energy storage industry is facing intense price competition, with prices of energy storage systems falling by about 80% in three years. Vicious low-price competition has led to cost-cutting and reduced material quality, posing hidden risks to the industry. He also mentioned that this year, the price war in the energy storage industry has spread overseas. Not only has it sharply reduced the gross profit of energy storage companies, but it has also led to the overcapacity of the advantage industries that China has worked hard to develop, causing both internal and external turmoil.