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The particular 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 associated with large factories devoted to be able 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 plunge in late 2022 in addition to is at a fraction of its peak level today. 1 reason is that major Oriental battery makers such as CATL and Gotion have expanded their lithium-processing capacity, Zhang says.
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