Another massive industry in China is about to collapse! In 2025, the global average price for energy storage systems fell by about 31% year-on-year, and China’s market is especially hard-hit. The bidding price for energy storage systems has already dropped to about 0.4 yuan per watt-hour, which is nearly the lowest price that can still cover costs. On January 7th, multiple departments of the Chinese government held a symposium on the energy storage battery industry, signaling the start of the so-called “anti-involution” movement for energy storage in 2026. “Involution” is a new buzzword about China’s economy. It refers to excessive and self-defeating competition among Chinese companies for limited resources and opportunities.
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