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China tech

China's BYD and CATL eye Japanese storage battery market

Electric car players to begin major expansion after dominating solar panels

Chinese electric vehicle maker BYD claims a roughly 10% global market share in stationary batteries.

TOKYO -- Chinese energy companies are making a push into Japan's storage battery market, expanding their reach in the renewable energy sector after establishing dominance in solar panels.

China's electric car leader, BYD, will start selling storage batteries for factories and power plants in 2021, while CATL -- the world leader in vehicle batteries -- plans to offer low-cost storage batteries for residences and businesses starting next year.

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