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Huawei and BYD on battery storage in Japan

by SEP Editor

Japanese battery-related companies have always had to bear higher costs. The cost of manufacturing batteries produced in Japan is about 4.8 times that of Chinese and American companies. Chinese and American battery companies have been eyeing the Japanese market these days.

(Photo Credit: Huawei)

“From March 2022, China telecom giant Huawei will sell large battery systems for renewable energy storage in Japan, supply from battery makers including CATL, earlier reports said. This will be a big step for Huawei to develop the energy storage business in Japan.”

In fact, before Huawei planned on Japan. BYD had already been doing successfully in Japan, they shipped 130MW/60MW of energy storage systems in Japan in 2015 but the other solar cell giants started providing service lately in these two years.

For instance, China’s Huawei started to provide services to Japan in March with CATL , the biggest battery company in China. Another China’s solar cells manufacturer, Jinko Solar(NYSE: JKS) started in 2021, and Tesla began selling products to Japan last year.

BYD had already built a strong foundation since 2015. Recently, ITOCHU bought second-hand batteries from BYD and turned it into a large storage battery and sold it to Europe, US and Asia markets. 

With the determination of Chinese Gov’t in achieving carbon neutrality, statistics from the China Association of Automobile Manufacturers and others show that the capacity of second hand car batteries phased out in China by 2025 will be 12 times the estimated value in 2020, while some analysts believe that by 2025, the capacity of second hand car batteries phased out in China will reach 7 times that of Europe and 42 times that of Japan, of which about 3 will be BYD-made batteries.

Under a strong foundation built by BYD and US’s sanction to Jinko Solar and Huawei, the competition between companies would be much more intense especially for Huawei and Jinko Solar, the Japanese market is a hope for them.

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