May 2026
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Largest Energy Storage Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
CATL, Canmax Technologies, Sunwoda Electronic Co, Beijing HyperStrong Tech and GoodWe Technologies.
 | CATL, headquartered in Ningde, Fujian Province, is a global leading battery manufacturer founded in 2011. The company specializes in the development and production of lithium-ion batteries for EVs and energy storage systems. CATL is the largest EV battery manufacturer in the world and leads the industry in innovative battery technology development for higher-energy density and safety, longer battery service life and super-fast charging. CATL is also involved in the manufacturing of cathode and other related battery materials. Through its subsidiary Brunp, it works with customers to create a closed-loop battery life cycle from production, application, to recycling. | $64 | +74% | $294B | $252B | 4.0x | 14.6x | ||
| Canmax Technologies Co Ltd is engaged in Research and development, production and sales of new energy lithium battery materials products, anti-static ultra-clean technology products and medical equipment products. | $14 | +453% | $11B | $12B | 10.5x | 66.5x | ||
| Sunwoda Electronic Co Ltd is engaged in research and development, design, production, and sales of lithium-ion battery modules. The company's Li-ion battery product covers Li-ion batteries for mobile phones, digital cameras, laptops, netbooks, electronic paper books, power-driven tools, industrial mobile lighting, and medical equipment. | $4 | -- | $7B | $9B | 0.9x | 14.5x | ||
| Beijing HyperStrong Technology Co Ltd is engaged in research and development, production and sales of electrochemical energy storage systems. It is a ESS integrator and service provider. Its product include HyperBlock III, HyperBlock II, HyperCube Pro, HyperBox, etc. | $37 | +272% | $7B | $6B | 3.7x | 32.8x | ||
| GoodWe Technologies Co Ltd is engaged in Research and development, production and sales of new energy power supply equipment such as solar energy and energy storage. | $17 | +192% | $4B | $4B | 3.1x | 86.1x | ||
| Camel Group Co Ltd is engaged in the research and development, production, sale, and recycling of lead acid batteries. It produces various types of batteries, including flooded automobile battery, AGM battery, flooded traction battery, lithium-ion battery, and pure lead battery. Its products are widely used in automobiles, agricultural vehicles, ships, forklifts, and various special purposes. | $1 | -- | $2B | $2B | 0.6x | 7.1x | ||
| Henan Yicheng New Energy Co Ltd is engaged in the production of solar crustal wafer cutting blade, recycling of waste mortar, solar power station construction, production and sales of negative electrode materials, and production and sales of monocrystalline silicon cells. | $1 | -- | $1B | $2B | 3.5x | (68.2x) | ||
| Sinopec Kantons Holdings Ltd is a company that operates in the storage, logistics, and trading industry. It provides crude oil and oil product terminals, ancillary facilities, and logistics services including storage, transportation, and terminal services. The company has two main segments: the crude oil jetty and storage services segment and the vessel chartering and logistics services segment. The company generates the majority of its revenue from the crude oil jetty and storage services segment, which caters to crude oil transportation, unloading, storage, and other jetty services for oil tankers in the PRC, Europe, and the Middle East. Geographically, the company generates all of its revenue from the PRC. | $1 | -9% | $1B | $794M | 9.4x | 4.9x | ||
| Veken Technology Co Ltd is engaged in the manufacturing and sales of lithium-ion batteries. Its products portfolio includes 3C Digital battery and Power battery. The company products cover ares such as passenger car, special vehicle, household appliances, and energy storage batteries. It is also used in smartphones, tablets, notebook, and computers. | $2 | -- | $1B | $1B | 4.8x | 128.5x | ||
| CBAK Energy Technology Inc is engaged in the manufacture, commercialization, and distribution of a variety of standard and customized lithium and sodium high-power rechargeable batteries. The batteries are used in light electric vehicles, electric vehicles, energy storage devices, and other high-power applications. The company has two operating segments: CBAK, which derives maximum revenue, and includes the manufacturing, commercialization, and distribution of various standard and customized lithium-ion rechargeable batteries; and the Hitrans segment, which includes the development and manufacturing of NCM precursor and cathode materials. Geographically, the company derives its key revenue from Mainland China, followed by Europe and other regions. | $1 | -20% | $70M | $99M | 0.5x | (12.3x) | ||
| Elong Power Holding Ltd is engaged in research and development, manufacturing, sales, and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. The company has a comprehensive product and technology system that includes battery cells, modules, system integration, and battery management system (BMS) development, based on high-power lithium-ion batteries and battery system products for long-cycle energy storage devices. Its product portfolio includes products utilizing lithium manganese oxide and lithium iron phosphate, among others, to meet the needs of high-power applications and energy storage applications in various scenarios. | $1 | -95% | $1M | $3M | 1.6x | 114.4x | ||
| Median | $2 | +74% | $2B | $2B | 3.5x | 14.6x |
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