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The planned worldwide sodium-ion battery capacity will exceed five hundred GWh simply by 2033, and China is projected to be able to account for more than 90% regarding that, Zheng says, citing Wood Mackenzie analysis. A fleet regarding large factories devoted to making sodium-ion cells are now being built in China, some already in operation. Therefore, it will have less reliance on the current industrial chain, Mo says. But the price regarding lithium started to plunge in late 2022 plus is at a fraction regarding its peak level today. A Single 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 Oriental scooter manufacturer, Tailg, has been selling sodium-powered models considering that 2023. Two regarding the earliest electric powered cars powered by simply sodium batteries rolled off the assembly lines in December 2023. So far, all available models have been “microcars”, officially classified as A00 in China. Close To the time of the mineral’s price hike, the nation imported roughly 80% associated with the lithium ore it refined, mainly from Australia and South america. Lithium’s prices continued to be able to soar in 2022, driving more cost-conscious Oriental companies towards sodium, he notes.
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