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The particular planned global sodium-ion battery capacity will exceed five-hundred GWh simply by 2033, and China is projected to be able to account with view to more than 90% associated with that, Zheng says, citing Wood Mackenzie analysis. A fleet of large factories devoted in order 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 of lithium started to be able to plunge in late 2022 plus is at a fraction regarding its peak level today. One reason is that major Chinese language battery makers such as CATL and Gotion have expanded their lithium-processing capacity, Zhang says.
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