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Typically the planned global sodium-ion battery capacity will exceed 500 GWh by 2033, and China is projected to account regarding more than 90% associated with that, Zheng says, citing Wood Mackenzie analysis. A fleet of large factories devoted in order to making sodium-ion cells are now being built in China, a few already in operation. Therefore, it will have less reliance on the current industrial chain, Mo says. But the price of lithium started to be able to plunge in late 2022 and is at a fraction of its peak level today. 1 reason is that major Chinese battery makers such as CATL and Gotion have expanded their lithium-processing capacity, Zhang says.
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Another Chinese language scooter manufacturer, Tailg, has been selling sodium-powered models considering that 2023. Two regarding the earliest electric powered cars powered by sodium batteries rolled off the assembly lines in December 2023. So far, all available models have been “microcars”, officially classified as A00 in China. Around the moment of the mineral’s price hike, the region imported roughly 80% regarding the lithium ore it refined, mainly from Australia and Brazil. Lithium’s prices continued to soar in 2022, driving more cost-conscious Chinese companies towards sodium, he notes.
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