Chinese portable energy storage companies see continued growth in overseas orders in Q3

en.Wedoany.com Reported - On October 29, companies in Shenzhen's portable energy storage industrial cluster continued to see growth in overseas orders and revenue. According to CCTV News data, in the first three quarters of 2026, Shenzhen's lithium battery exports exceeded RMB 80 billion (approximately USD 12 billion), up more than 30% year on year, with portable energy storage accounting for a significant share. Shenzhen companies represented by Hello Tech, PowerOak and EcoFlow have expanded their businesses to more than 200 countries and regions worldwide through branding strategies.

Hello Tech (华宝新能) reported revenue of RMB 2.206 billion in the first half of 2026, up 34.71% year on year; revenue in Europe was RMB 314 million, up 123.15% year on year; revenue in North America was RMB 1.282 billion, up 39.13% year on year. Third-quarter revenue was RMB 1.469 billion, up 12.58% year on year; net profit attributable to shareholders of the parent company was RMB 33.01 million, up 65.81% year on year, turning profitable on a quarter-on-quarter basis, while gross margin rose 0.86 percentage points year on year to 37.95%. In the first three quarters, revenue in the European market grew 91.35% year on year, and North America grew 26.05%.

PowerOak (正浩创新) reported revenue of RMB 1.777 billion in 2023, rising to RMB 2.174 billion in 2024, and revenue of RMB 1.572 billion in the first three quarters of 2025, with gross margin rising from 35.6% to 42.3%. As of December 31, 2025, the company had cumulatively shipped more than 3.5 million energy storage products worldwide.

Anker Innovations reported revenue of RMB 26.14 billion in the first three quarters of 2026, up 24.4% year on year; net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was RMB 2.279 billion, up 53.7% year on year. Third-quarter revenue was RMB 9.535 billion, and net profit after deducting non-recurring gains and losses was RMB 840 million, up 61.2% year on year. At IFA 2026, the company launched the Anker SOLIX Solarbank Max home solar-storage system, which went on sale in Europe in October, with energy storage capacity starting at 7 kWh and expandable to 42 kWh.

Nanjing Linyang Energy reported revenue of RMB 5.857 billion in the first three quarters of 2026, up 59.42% year on year; net profit attributable to shareholders of the parent company was RMB 440 million, up 22.63% year on year. Its energy storage business received repeat orders in Europe and won multiple projects in Southeast Asia. In the first half of the year, newly added overseas energy storage revenue exceeded RMB 300 million. The company recently completed delivery and full-power grid-connection testing of the 40MW/120MWh grid-side energy storage project in Mauritius. As of the end of the third quarter, its annual production capacity for energy storage battery packs and systems worldwide was 15GWh.

According to Frost & Sullivan data, the global portable energy storage market grew from USD 700 million in 2020 to USD 3.3 billion in 2024, a compound annual growth rate of 46.2%, and is expected to reach USD 8.5 billion in 2029.