As tight supply of lithium resources sends prices skyrocketing, more cost-effective sodium-ion batteries are now attracting the attention of various parties within the Chinese market.
Sodium-ion batteries can be used in both electric vehicles and energy storage power stations. On September 18, Securities Daily reporters learned from leading Chinese battery firm CATL that its upstream industrial chain of sodium-ion batteries will be completed and put into production next year, and that efforts are being made to promote the industrialization of sodium-ion batteries in 2023.
Two years ago, the price of battery-grade lithium carbonate was only 40,000 yuan ($5,710) per ton, but as of September 16, 2022, the price rose to 502,500 yuan per ton, an increase of 1,156.25% in two years.
Xin Guobin, China’s Vice Minister Ministry of Industry and Information Technology, pointed out that from…
Sodium-Ion Batteries Draw Attention in China as Lithium Prices Soar
