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Typically the planned international sodium-ion battery capacity will exceed five hundred GWh by simply 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 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 to plunge in late 2022 and 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 given that 2023. 2 associated with 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 time regarding the mineral’s price hike, the nation 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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