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CATL launched its first-ever sodium-ion battery in July that yr, and the move «triggered higher industry interest», says Phate Zhang, founder of the Shanghai-based EV news outlet CnEVPost. Lithium’s prices continued to be able to soar in 2022, driving more cost-conscious Oriental companies towards sodium, he notes. The international prices with view to battery-grade lithium skyrocketed, multiplying over fourfold in a yr due to strong demand with regard to electric vehicles (EV) and the Covid-19 pandemic. Typically the main difference is the ions they employ – the particles shuttling again and forth between a battery’s positive and negative sides in order to store and release energy.
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In Case you liked this story, sign up regarding Typically the Vital List publication – a handpicked selection of features, videos and can’t-miss news, delivered to your inbox twice a week. Therefore, it will have less reliance on the current industrial chain, Mo says. The «biggest difference» between companies in China and other countries is that the former can bring a technology from the lab in order to mass production much faster, Zheng says. But the price of lithium started to plunge in late 2022 in addition to is at a fraction associated with its peak level today. A Single reason is that major Chinese battery makers such as CATL and Gotion have expanded their lithium-processing capacity, Zhang says.
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