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The particular planned international sodium-ion battery capacity will exceed five-hundred GWh simply by 2033, and China is projected to account for more than 90% of that, Zheng says, citing Wood Mackenzie analysis. A fleet of large factories devoted to making sodium-ion cells are now being built in China, several already in operation. Therefore, it will have less reliance on the current industrial chain, Mo says. But the price associated with lithium started in order to plunge in late 2022 and 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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