Missing percentage points to 100 percent is probably due to rounding.
Energy storage cell refers to companies whose battery products are centered around the new Energy Storage Systems market.
New energy storage technology refers to new non-lithium cell technology, including flow redox cells, sodium-ion cells, compressed air energy storage, etc.
Citation formats
Breakdown of M&A deal volume of energy storage industry China 2023, by subsector
Energy storage batteries and new energy storage are vital components of China's energy storage system. In 2023, these two sectors comprised ** percent of the industry's total merger and acquisition deals.
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PwC. (April 21, 2024). Share of merger and acquisition deal volume in energy storage industry in China in 2023, by subsector [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 02, 2026, from /statistics/1464399/china-merger-and-acquisition-deal-volume-share-in-energy-storage-industry-by-subsector/
PwC. "Share of merger and acquisition deal volume in energy storage industry in China in 2023, by subsector." Chart. April 21, 2024. ÌÇÐÄÆƽâ°æ. Accessed August 02, 2026. /statistics/1464399/china-merger-and-acquisition-deal-volume-share-in-energy-storage-industry-by-subsector/
PwC. (2024). Share of merger and acquisition deal volume in energy storage industry in China in 2023, by subsector. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 02, 2026. /statistics/1464399/china-merger-and-acquisition-deal-volume-share-in-energy-storage-industry-by-subsector/
PwC. "Share of Merger and Acquisition Deal Volume in Energy Storage Industry in China in 2023, by Subsector." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 21 Apr 2024, /statistics/1464399/china-merger-and-acquisition-deal-volume-share-in-energy-storage-industry-by-subsector/
PwC, Share of merger and acquisition deal volume in energy storage industry in China in 2023, by subsector ÌÇÐÄÆƽâ°æ, /statistics/1464399/china-merger-and-acquisition-deal-volume-share-in-energy-storage-industry-by-subsector/ (last visited August 02, 2026)
Share of merger and acquisition deal volume in energy storage industry in China in 2023, by subsector [Graph], PwC, April 21, 2024. [Online]. Available: /statistics/1464399/china-merger-and-acquisition-deal-volume-share-in-energy-storage-industry-by-subsector/
