Sodium-ion battery market outlook and top 10 sodium ion battery companies in China

At present, the background of companies deploying sodium-ion batteries is relatively diverse. Judging from the plans of various companies, many companies such as CATL, HiNa BATTERY, Transimage, Great Power, and Farasis have announced that they will enter the industrialization stage in 2023. In order to help everyone better understand the companies in the sodium-ion battery industry, this article summarizes the top 10 sodium ion battery companies in China to learn the development process of sodium-ion batteries.

1. The sodium-ion battery market outlook

Due to the tight supply of lithium resources, the development of the lithium-ion battery industry has been restricted to a certain extent. Finding materials and technologies to replace lithium-ion batteries has become an urgent need for the development of new energy industries.

Sodium-ion battery is a battery that relies on the movement of sodium ions between the cathode and anode to complete the charging and discharging work. The working principle is similar to that of lithium-ion batteries. Compared lithium vs sodium battery, it has the advantages of higher safety in low-temperature charge and discharge, and more environmentally friendly recycling.

The crustal abundance of sodium ions is much higher than that of lithium-ion batteries, and the distribution of production areas is relatively uniform. The material cost of sodium-ion batteries is expected to be 30%-40% lower than that of lithium-ion batteries. The market generally believes that the market for sodium-ion batteries is broad.

Benefiting from the high prosperity of the new energy track, the industrialization of sodium-ion batteries is accelerating. The potential demand for sodium-ion batteries is large, and they can take the lead in cutting into light electric vehicles and energy storage tracks. The market predicts that by 2025, the market space of sodium-ion batteries is expected to reach 110GWh, of which electric two-wheeled vehicles are expected to reach 11GWh, electric vehicles are expected to reach 48GWh, and sodium battery energy storage is expected to reach 51GWh.

2. China top 10 sodium ion battery companies

China best top 10 sodium ion battery companies statistics

① HiNa BATTERY

HiNa BATTERY is a high-tech company focusing on the development and production of a new generation of energy storage system - sodium-ion batteries. The company focuses on low-cost, long-life, high-safety, and high-energy-density sodium-ion battery products. Potential applications cover various electric bicycles, low-speed electric vehicles, communication base stations, data centers, home energy storage, and large-scale energy storage.

At the same time, the company can supply cathode and anode materials and electrolytes for sodium-ion batteries. HiNa BATTERY is at the forefront of the industry in mass production of sodium-ion batteries.

On February 23, 2023, the industry's first sodium-ion battery test vehicle SOL E10X, built by HiNa BATTERY and SOL New Energy, was unveiled to the public. It is the first sodium-ion battery pack using cellular battery technology.

② CATL

CATL is the world's leading new energy innovation technology company, committed to providing first-class solutions and services for global new energy applications, and it is one of the sodium-ion battery companies in the world. In July 2021, CATL released its first sodium-ion battery.

The energy density of a single battery cell reached 160Wh/kg, detonating the sodium-ion battery track. At present, it has started the industrialization layout of sodium-ion batteries. Recently, CATL stated that it is currently working to promote the industrialization of sodium-ion batteries in 2023.

The company has been leading the international cutting-edge research, and is currently promoting the layout of battery technologies such as sodium ion, M3P, condensed matter, drill-free batteries, all-solid-state batteries, and rare metal-free batteries.

③ BYD

BYD's business layout covers the fields of electronics, automobiles, new energy and rail transportation, and plays a pivotal role in these fields.

It is reported that BYD's power battery company undertakes the research and development and mass production of sodium-ion batteries, and is currently in the sample verification stage.

BYD plans to mass-produce sodium-ion batteries in the second quarter of 2023, which will be installed in Qin EV, Dolphin and the new model Seagull.

④ NATRIUM

NATRIUM is a power and energy storage battery system developer, integrating R&D, production and sales services. Provide users with iron-based ternary material precursors, sodium ferrite-based ternary cathode materials, electrolytes for sodium-ion batteries, sodium-ion batteries and other products.

As a leading company in the development of the sodium battery new energy industry, NATRIUM has been deeply involved in the innovation of sodium battery technology for many years, and has achieved great results in the core materials and battery manufacturing of the sodium battery industry chain.

⑤ Great Power

Great Power is a battery manufacturer focusing on lithium batteries for more than 20 years. The company's business scope has covered three major areas: energy storage batteries, digital consumer batteries, and power batteries, fully realizing the perfect coverage of the new energy industry chain.

As one of the first companies to lay out sodium batteries, Great Power currently has several teams working on the research and development of sodium-ion batteries, including anode hard carbon, layered oxides, and polyanion systems. Recently, according to Great Power, the energy density of the anode-free sodium vanadium phosphate system developed by the company exceeds 160wh/kg.

At the same time, on the product side, mass-produced products with a cycle life of more than 6,000 times have been launched.

⑥ ZOOLNASM

ZOOLNASM is one of the world's leading industrialization of sodium ion battery companies, a leading company in the technical route of polyanion sodium batteries, and a pioneering company in the commercialization of sodium iron sulfate batteries.

ZOOLNASM has R&D capabilities covering battery material R&D, cell design and development, battery system solution design and development, and other full-stack technical capabilities, and has gathered many industry experts who have been rooted in the new energy industry for many years.

⑦ Transimage

Transimage is mainly engaged in the R&D, manufacturing and sales of notebook computer input devices, and is the main supplier of core components of flexible circuit boards for the world's four top keyboard manufacturers.

Until June 2022, Transimage announced the establishment of Chuanyi Natron, and then Transimage's stock price took advantage of sodium-ion batteries to go straight up. It is reported that Chuanyi Natron is mainly engaged in the research and development, production and sales of sodium-ion and lithium-ion batteries, cathode and anode materials and electrolytes.

Transimage stated that the company's sodium-ion batteries can be used in many fields such as A00-class vehicles, two-wheeled vehicles, and energy storage. The company's sodium-ion battery project is currently progressing smoothly, and the actual shipment of sodium batteries is expected to reach 2GWh to 3GWh in 2023.

⑧ Farasis

As one of the global leaders in ternary pouch power batteries, Farasis focuses on the R&D, production and sales of new energy vehicle power battery systems and energy storage systems, and is committed to providing leading and green solutions for global new energy applications.

The official website of Farasis discloses that Farasis will supply sodium battery pack assemblies to Jiangling Group, and it is expected to achieve mass production and loading in the second quarter of 2023.

Farasis said that based on the deep accumulation of lithium-ion battery technology and years of technical reserves in the field of sodium-ion batteries, Farasis can quickly advance the research and development process of sodium-ion batteries and quickly implement the existing production capacity.

⑨ DFD

One of DFD's main products is lithium hexafluorophosphate, which is the electrolyte of lithium batteries, and becomes the electrolyte of lithium batteries after being dissolved in liquid.

DFD is also the first company in China to commercially mass-produce sodium hexafluorophosphate. DFD has a variety of new battery technology reserves including sodium-ion batteries, and has commercially mass-produced an electrolyte that can be used in sodium-ion batteries-sodium hexafluorophosphate, and NaFSI has also completed research and development.

DFD's sodium-ion batteries are currently mainly applied in the fields of energy storage, low-endurance passenger cars, two-wheelers and tricycles.

⑩ EVE

EVE's main business is research and development, production and sales of consumer batteries (including lithium primary batteries, lithium-ion batteries such as lifepo4 battery, ternary lithium battery, etc., and ternary cylindrical batteries), power batteries (including new energy vehicle batteries and their battery systems), and energy storage batteries.

At the press conference at the end of 2022, EVE officially announced that it is a large cylindrical sodium-ion battery designed based on a layered oxide cathode and a hard carbon anode, with a C40 aluminum shell as a carrier.

The specific energy can reach 135Wh/Kg, the capacity retention rate at 10C is as high as 90%, and it can still work normally at -40°C, and the capacity retention rate is 80% after 2500 cycles. At present, the preparatory work before the pilot test is being done with the end customer.

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