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Top companies operating in the stationary battery storage market are :
These firms are incorporating strategies such as business expansions to improve their footprint in the global market.
For instance, in May 2022, BYD announced a plan to purchase 6 lithium-ion mines across Africa to strengthen its position in the lithium-ion technology market. This was intended to allow the company to establish a strong presence in the stationary lithium-ion battery storage industry worldwide.