Ningde

The PBOC governor added that China's economy continues to improve and that the PBOC seeks to maintain a moderately loose monetary policy to support stable growth.

2026 World Energy Storage Conference in Ningde brought together participants from around the world to discuss cutting-edge technologies, prospects for the energy storage industry, and China's position in the global energy storage market.

In 2025, global battery storage additions hit roughly 307 GWh, with China accounting for 56%.

Yelena Stefanova with the International Renewable Energy Agency says the scale of deployment in the country has become central to the global storage market and is helping to change the economics of renewable electricity.

And at the moment, you know, we're reliant on the local automakers a lot in terms of developing this tech.

But China, I also visited CATL while I was there and they have a team that are working on vehicle to grid and they also have a pilot at their factory or their manufacturing facilities in Ningde and they're also looking at how can they help support battery warranties as part of that and part of that is also you know, as we scale up this technology, they'll have access to even more data.

So to help support the unlocking of

battery warranties.