China’s Crowded Battery Market Weighs on Energy Storage Profits

Intensifying competition in China’s battery and energy storage sector is beginning to weigh on earnings, as a flood of new entrants squeezes margins and raises fears of bruising price wars...

By Charlie Zhu, Ocean Hou · Bloomberg Markets

Intensifying competition in China’s battery and energy storage sector is beginning to weigh on earnings, as a flood of new entrants squeezes margins and raises fears of bruising price wars seen in other clean energy industries.