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The particular planned global sodium-ion battery capacity will exceed five hundred GWh by 2033, and China is projected in order to account for more than 90% of that, Zheng says, citing Wood Mackenzie analysis. A fleet regarding large factories devoted to be able 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 associated with lithium started in order to plunge in late 2022 plus is at a fraction of its peak level today. A Single reason is that major Chinese language battery makers such as CATL and Gotion have expanded their lithium-processing capacity, Zhang says.
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Another Chinese scooter manufacturer, Tailg, has been selling sodium-powered models since 2023. Two regarding the earliest electrical cars powered simply 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 country imported roughly 80% of the lithium ore it refined, mainly from Australia and South america. Lithium’s prices continued in order to soar in 2022, driving more cost-conscious Chinese language companies towards sodium, he notes.
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