At the 2025 SNEC ES+ Exhibition in Shanghai, Liu Chenghao, president of the company’s International Marketing Centre, said Narada’s strength lies in its control of the full energy storage value chain – from materials and cells to systems, operation and recycling — which he described as a buffer against volatile market cycles.
“By mastering both the ‘heart’ of the system — the battery cells — and the ‘brain’ in the form of BMS and PCS, we can enforce tighter quality control, enhance supply security and accelerate response time when failures or customisation demands arise,” Liu said. He added that the integration approach reduces exposure to raw material price swings and enables Narada to support AI-based monitoring and lifecycle optimisation.
Founded in 1994 and listed on Shenzhen’s ChiNext board since 2010, Zhejiang-based Narada has emerged as one of China’s leading energy storage manufacturers, serving more than 160 countries and regions. In 2024, the company reported revenue of CNY7.98bn, with energy storage contributing 21.62 per cent, or roughly CNY1.73bn.
In 2024, Narada rolled out a 587Ah lithium iron phosphate (LFP) cell that surpasses the conventional 71173 format, achieving a lifespan of 15,000 cycles and volume energy density of up to 430Wh/L. The company also debuted its Center L Ultra 6.25MWh liquid-cooled system, which features a unified AC-DC architecture in a standard 20-foot container, with a temperature difference of under 2.5°C and fault loss rates reduced from 16.7 per cent to 2.1 per cent. The system shown at SNEC is designed to shorten delivery lead times by 50 per cent.
Liu confirmed that Narada plans to launch a lithium battery backup power system with higher-voltage and higher-power around 2027-28. He stated, “High-reliability applications such as data centre backup will increasingly require high-discharge performance, robust thermal management and predictive maintenance.”
Narada has made solid-state technology a central pillar of its roadmap. In 2024, its 30Ah all-solid-state prototype passed extrusion and short-circuit tests with an energy density of 350Wh/kg, and a 783Ah version reportedly demonstrated more than 10,000 cycles and volume energy density greater than 430Wh/L. The company says semi-solid chemistry has already been deployed in 314Ah cells used in large-scale projects in Shenzhen and Shanwei, with an estimated 2.8GWh deployed.
Narada has established overseas sales subsidiaries across four continents and seven key regions worldwide. It has also set up global service centers in three core regions—Europe, the United States, and Australia—equipped with technical service teams and spare parts warehouses. In 2024, Narada secured a 242.5MW/245.26MWh solar-plus-storage order in India, a liquid-cooled storage deals worth CNY264m in France, and an independent 123MWh project in Greece with a 10-year operations and maintenance agreement. BloombergNEF ranked the company as a Tier 1 energy storage supplier for four consecutive quarters in 2024.
“International markets are not just incremental revenue spaces but crucial battlegrounds to validate our technical credibility and service capability,” Liu said. He noted that Narada customises strategies based on local electricity pricing structures, renewable penetration and regulatory regimes.
Looking ahead, Liu acknowledged that the sector is entering a consolidation phase, with persistent price wars and trade friction. But he argued the next competitive stage would be determined by “value rather than price”.
“Industry inflection points will be shaped not by a single trigger, but by the combined effects of policy direction, evolving demand structures and meaningful technology breakthroughs,” he said. “Those who can deliver lifecycle value in safety, reliability, cost and longevity will gain the upper hand.”
Narada plans to scale production at new facilities in Jiuquan and Yangzhou, while prioritising high-margin orders in Europe and North America. The company expects AI-enabled predictive maintenance platforms, high-capacity cell architecture and full-chain resource integration to emerge as key differentiators over the next three to five years.
“We believe AI-driven O&M could be the decisive factor that earns customer trust, manages risk and extends asset lifespans,” Liu said.
