Are sodium-ion batteries catching up and replacing lithium-ion ones in EV?

In recent years, the popularity of sodium-ion batteries has suddenly risen. Chinese companies such as Contemporary Amperex Technology (CATL), Gotion Hi-Tech, EVE Energy and BYD are all engaging in researching sodium-ion batteries. CATL is even about to put them into mass production. Here are some analyses of sodium-ion batteries.Three reasons why sodium-ion batteries become attractiveFirst, the price of lithium raw materials, especially battery-grade lithium carbonate, has been erratic for the last several years, and the future trend is not easy to grasp. More than 70% of China’s lithium is imported, and the pricing power is controlled by enterprises in the producing countries. So for carmakers, it is necessary to find a replacement product within reach.Second, the basic principle of sodium-lithium batteries is the same as that of lithium-ion batteries. Most of…

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