Energy Storage Connectors Face Safety Concerns Amidst Vicious Competition
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In recent years, energy storage connector manufacturers have significantly reduced costs through technological innovation. However, since the second half of 2022, the price of battery storage connector systems has fallen by nearly 80%. This decline in market prices has far outstripped the reduction in technological costs, with the average market price now below cost, and the entire industry facing widespread losses. In this environment, some storage connector manufacturers have sacrificed quality to improve cost competitiveness in order to survive, creating quality and safety risks for the industry.
