On May 13th, reports indicated a significant surge in global demand for new energy storage solutions, with energy storage battery cell orders fully booked and a tightening supply-demand balance. Under conditions of full-capacity production, leading and second-tier battery companies have ramped up their investments, marking a shift in the industry from a cautious wait-and-see approach (observing market developments before taking action) to active expansion. Wang Pengcheng, co-founder and president of HiThium—the world's second-largest shipper of energy storage battery cells—disclosed that the company's orders are fully booked until the end of 2027, all secured well in advance. He also highlighted that, despite leading companies achieving capacity utilization rates exceeding 95%, there remains a notable issue of surplus outdated production capacity alongside a shortage of advanced production capabilities. Wang stressed the need for the industry to remain vigilant against redundant low-level construction. When discussing HiThium's expansion strategy, he emphasized that the company focuses solely on investing in advanced production capacity and will not pursue expansion unless it can maintain a leading position in the market.