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The particular planned global sodium-ion battery capacity will exceed 500 GWh by simply 2033, and China is projected in order to account with respect to more than 90% associated with that, Zheng says, citing Wood Mackenzie analysis. A fleet associated with large factories devoted in order to making sodium-ion cells are now being built in China, a few already in operation. Therefore, it will have less reliance on the current industrial chain, Mo says. But the price associated with lithium started to plunge in late 2022 in addition to is at a fraction regarding its peak level today. 1 reason is that major Chinese battery makers such as CATL and Gotion have expanded their lithium-processing capacity, Zhang says.

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