Global and non-China rankings
Honeycomb Energy installed 22.0GWh of power batteries worldwide in January-August 2026, ranking 9th among battery makers with 39.3% year-on-year growth, according to Gaogong Lithium Battery. Global power battery installations totaled 844.2GWh in the period, up 19.7% year on year.
In non-China markets, Honeycomb Energy installed 11.4GWh in January-August 2026, ranking 8th with 105.2% year-on-year growth and a 3.2% share. Those installations accounted for about 52% of the company's global total.
Overseas shipment outlook
Honeycomb Energy estimates overseas shipments will make up 54% of its total in 2026, surpassing its domestic share for the first time. The company expects that proportion to reach 63% in 2028.
Export market backdrop
China exported 122.7GWh of power batteries in the first half of 2026, up 50.3% year on year, while lithium battery export value reached US$48.649 billion, up 42.72%. The IEA expects global electric vehicle sales of 23 million units in 2026, nearly 30% of new car sales, with electric vehicle growth of 20% in Europe and more than 50% in Asia-Pacific markets outside China.
Customers and overseas production
Honeycomb Energy is embedded in international automakers including Stellantis, VinFast, Hyundai-Kia and BMW MINI. Its plant in Chonburi, Thailand, a joint venture with Banpu NEXT, has two flexible production lines with annual capacity of 60,000 sets. The company described a localization approach that starts with domestically sourced cells and locally assembled packs, then moves to local cell production as customer volumes grow.