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Sodium-ion batteries grab the attention after the rise in lithium prices

After lithium prices rose due to supply chain difficulties, lower-cost sodium-ion batteries became attractive to many related parties within the Chinese market.

On September 18, China’s battery company, Catel, revealed that the upstream manufacturing supply chain for sodium-ion batteries will be completed and enter production next year, and that the quest continues to enhance the manufacture of these batteries in 2023, and it had launched its first generation of sodium-ion batteries earlier in the 29th. July 2021.

Two years ago, the price of battery-grade lithium carbonate was only 40,000 yuan (5,710 US dollars) per ton, but since September 16, 2022, the price has risen to 502,500 yuan per ton, an increase of 1156.25% in two years.

In the January-August 2022 period, the domestic production of NEVs reached 3.97 million units (up by a multiplication of 1.2) and sales of 3.86 million units (an increase of at a multiplication of 1.1), while the volume of production in 2020 in China was 1.366 million units and sales of 1.367 million.

comparison

At the present time, the impact of high prices of raw materials for lithium batteries has reached car manufacturers, as well as battery manufacturers such as Catel, which made them turn to sodium-ion batteries, which have more stable electrochemical performance and lower cost compared to lithium batteries, as compared to lead acid redox flow batteries. Fully Vanadium has a higher Cost Performance Index.

While the cost of cathode materials in lithium-ion batteries is the highest (43%), it represents only 26% in sodium-ion batteries.

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