EconomyCATL, BYD and Gotion stand to gain as high fossil-fuel prices lift battery storage demand

Analysts say elevated fossil-fuel prices amid the Middle East conflict are increasing demand for energy storage systems in green energy projects, benefiting Chinese makers including CATL and Gotion High-Tech. The tailwinds are expected to outweigh a local slowdown, where weaker-than-expected demand has driven lithium-ion battery supply-chain stocks down more than 46 per cent over the past six months.

energy storagebatteriesfossil fuel pricesChinese companies

SSouth China Morning Post★★☆☆☆2026-10-30 03:00Original