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The planned worldwide sodium-ion battery capacity will exceed five-hundred GWh by 2033, and China is projected to account regarding more than 90% regarding that, Zheng says, citing Wood Mackenzie analysis. A fleet regarding large factories devoted to be able 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 of its peak level today. One reason is that major Oriental battery makers such as CATL and Gotion have expanded their lithium-processing capacity, Zhang says.
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