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The planned worldwide sodium-ion battery capacity will exceed five-hundred GWh by 2033, and China is projected to be able to account with regard to more than 90% associated with that, Zheng says, citing Wood Mackenzie analysis. A fleet regarding large factories devoted in order 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 of lithium started in order to plunge in late 2022 in addition to is at a fraction of its peak level today. A Single reason is that major Oriental 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. 2 regarding the earliest electric powered 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 period regarding the mineral’s price hike, the region imported roughly 80% regarding the lithium ore it refined, mainly from Australia and Brazilian. Lithium’s prices continued to be able to soar in 2022, driving more cost-conscious Chinese companies towards sodium, he notes.
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