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The planned worldwide sodium-ion battery capacity will exceed five-hundred GWh by simply 2033, and China is projected to account with respect to more than 90% associated with that, Zheng says, citing Wood Mackenzie analysis. A fleet associated with large factories devoted 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 regarding lithium started in order to plunge in late 2022 plus is at a fraction regarding 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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