Energy Storage Battery Production Surges 84% in First Two Months; 12 Concept Stocks Under Fund Research This Year

Securities Times Reporter Liu Junling

On March 17, the energy storage sector was active, with many stocks rising against the trend. Among them, NaBaiChuan, ShunNa Shares, Chint Power, GCL System Integration, and others hit the daily limit. Yicheng New Energy, Li New Energy, Helen Tech, and Sanhui Electric rose over 4%.

Energy Storage Battery Production Surges

On March 16, the National Bureau of Statistics released data on the national economic operation for January and February 2026. The data shows that lithium-ion battery production increased by 42.6%, and lithium carbonate production grew by 29.3%. Notably, energy storage lithium-ion batteries saw an 84% increase in production. A spokesperson for the National Bureau of Statistics stated that China’s green energy transition has been steadily advancing, with significant results. The development of wind and photovoltaic renewable energy has driven the growth in energy storage demand, leading to rapid growth in related products.

Since 2026, the energy storage market has performed exceptionally well. According to data from the China Chemical and Physical Power Industry Association Energy Storage Application Branch, in the first two months, domestic new energy storage installed capacity reached 9.51 GW/24.18 GWh, with power and capacity increasing by 182.07% and 472.06% year-on-year, respectively. The bidding market has also been active. In February 2026, new energy storage bidding (including pre-bidding) reached 15.5 GW/53.9 GWh, with power and capacity up 94.1% and 73.3% year-on-year.

Recent demand for energy storage has exploded, driven mainly by two factors: the surge in AI computing power creating new scenarios, and a phased overseas market rush to install.

On one hand, AI infrastructure has become a significant new growth driver for energy storage. Data centers consume enormous amounts of electricity, and energy storage helps “peak shaving and valley filling,” effectively smoothing electricity loads, reducing costs, and providing emergency support for critical loads. The large-scale development of data centers is expected to open new growth opportunities for the energy storage market.

On the other hand, the export rush provides strong short-term support. Earlier this year, the Ministry of Finance and the State Taxation Administration issued a notice on adjusting export tax rebate policies for products like photovoltaics, prompting lithium battery companies to accelerate production and deliver overseas orders early. According to the Battery Alliance, in the first two months of this year, China exported a total of 48 GWh of power and energy storage batteries, a 24.6% increase year-on-year, with energy storage batteries accounting for 13.5 GWh, or 28% of total exports.

New Energy Storage Becomes a New Pillar Industry

This year, policies continue to favor new energy storage. The government work report proposed “building a new power system, accelerating smart grid construction, developing new energy storage, and expanding green electricity applications.”

At the April 6th session of the 14th National People’s Congress, Zheng Ganjie, director of the National Development and Reform Commission, explicitly listed new energy storage as one of the “Six Emerging Pillar Industries.” The industry’s strategic importance in China’s energy transition is increasingly recognized.

Policy mechanisms for the energy storage industry are also improving. In January, the National Development and Reform Commission and the National Energy Administration issued a notice on improving the capacity electricity price mechanism, proposing the establishment of an independent capacity electricity price mechanism for new energy storage on the grid side. It clarifies that independent new energy storage stations on the grid can be compensated with capacity prices based on local coal power capacity prices, filling a gap in the market’s revenue mechanism.

The “Special Action Plan for Large-Scale Construction of New Energy Storage (2025–2027)” set a clear goal of exceeding 180 GW of installed capacity nationwide by 2027, with direct investment of about 250 billion yuan, providing a clear growth outlook.

With policy support, new energy storage has seen rapid growth. According to data from the Zhongguancun Energy Storage Industry Technology Alliance, in 2025, China’s newly added new energy storage capacity surpassed 100 GW for the first time, reaching 144.7 GW, an 85% increase year-on-year. The total installed capacity is 45 times that at the end of the 13th Five-Year Plan.

12 Stocks Under Fund Company Research

According to Securities Times Data Treasure, there are 57 A-share stocks involved in the energy storage industry chain. Since the beginning of the year, their average increase has been 11.76%. BaiChuan Shares, Chint Power, and Shenling Environment have the largest gains, at 99.44%, 73.48%, and 51.15%, respectively.

As the industry develops rapidly, concept stocks related to energy storage continue to attract institutional attention. Data shows that this year, 12 stocks have been researched by fund companies, with Tianci Materials, Zhongwei New Materials, and Haopeng Technology leading, with 35, 16, and 9 fund companies respectively.

Tianci Materials stated during investor visits that the new capacity of lithium hexafluorophosphate is being added mainly based on market demand and market share goals. The originally planned 35,000 tons of new capacity is progressing as scheduled and is expected to be operational in the second half of 2026.

Zhongwei New Materials said that it has built a 200,000-ton capacity for iron phosphate; for lithium iron phosphate cathode materials, it has a capacity of 50,000 tons. The company is gradually building an integrated layout from upstream resources to downstream materials to ensure supply chain stability and improve cost advantages.

Forty energy storage stocks have released their 2025 performance data, with 24 showing year-on-year growth (including turning losses into profits). Stocks like Lead Intelligent, Tianci Materials, Ruitai New Materials, Haopeng Technology, Gotion High-tech, and Pylon Technologies have seen growth exceeding 100%.

Many companies have mentioned the high prosperity of the energy storage industry in their earnings forecasts. Kelon Electronics stated that the rapid development of the industry has significantly increased the delivery volume of energy storage projects, boosting revenue. Shanshan Shares said that its anode material business has benefited from strong downstream demand from new energy vehicles and energy storage markets, and the continued release of integrated capacity has led to a significant increase in sales volume.