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The planned global sodium-ion battery capacity will exceed 500 GWh by simply 2033, and China is projected to be able to account regarding more than 90% of that, Zheng says, citing Wood Mackenzie analysis. A fleet of large factories devoted 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 regarding lithium started to be able to plunge in late 2022 and is at a fraction regarding its peak level today. One 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. 2 regarding the earliest electric cars powered by sodium batteries rolled off the assembly lines in December 2023. Therefore far, all available models have been “microcars”, officially classified as A00 in China. Around the moment associated with the mineral’s price hike, the nation imported roughly 80% of the lithium ore it refined, mainly from Australia and South america. Lithium’s prices continued to soar in 2022, driving more cost-conscious Chinese language companies towards sodium, he notes.
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