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Industrial development drives battery companies to deploy sodium-ion batteries
When various car companies and battery manufacturers are anxious because of the rising prices of upstream raw materials and the inability to grab lithium mines, more and more companies have begun to deploy sodium-ion batteries. A considerable number of companies that deploy sodium-ion battery business have conducted financing activities around 2020. Many of them belong to the world's Top10 sodium-ion battery companies, and many sodium-ion battery entrepreneurial projects have begun to be valued by the market in 2020.
Currently, there are many companies in China deploying sodium-ion batteries, but they can be divided into two categories. One is start-up companies, and the other is established suppliers who have been engaged in the production of lithium-ion batteries and upstream raw materials for a long time, such as HiNa BATTERY, CATL(ranked first among Top 10 lithium battery companies) and other companies are about to mass-produce sodium-ion batteries.
In addition to China, companies from all over the world, especially European and American companies, are also actively deploying sodium-ion batteries. The more well-known ones include Faradion (UK), Tiamat (Europe), Natron Energy, Aquion Energy (US), etc. Japan's Panasonic and Mitsubishi also have related actions but the progress is relatively slow.
This article aims to give you a detailed introduction to the specific situation of the Top10 sodium-ion battery companies mentioned above, including their development history, core business and industrial layout, to help you have a more comprehensive and in-depth understanding of the latest developments in the sodium ion industry and the relevant layout of industry leaders in this field.
Top10 sodium-ion battery companies in the world in 2022
① CATL
Established date |
December 16, 2011 |
Global headquarters |
Fujian, China |
Total market value |
1300.844 billion RMB |
Company website |
Company profile:
CATL, ranked first among the Top 10 sodium-ion battery companies in the world, is a world-leading new energy innovation technology company, focusing on the R&D, production and sales of new energy vehicle power battery systems and energy storage systems. Its core technologies include R&D and manufacturing capabilities of the entire industry chain in the fields of power and energy storage batteries, materials, cells, battery systems, battery recycling and secondary utilization. The ternary lithium battery is the biggest feature of the CATL, and the battery life is higher.
Leading products and technologies:
Power and energy storage batteries, materials, cells, battery systems, battery recycling and secondary utilization; CTP technology, CTC technology and high nickel technology and other cutting-edge technologies.
Related layout:
CATL released the first-generation sodium-ion battery in July 2021, and obtained a patent for sodium-ion batteries including positive pole pieces, negative pole pieces, separators and electrolytes in August of the same year. Its energy density of 160Wh/kg is known as the highest in the world.
② FARADION
Founded time |
2011 |
Global headquarters |
Yorkshire, UK |
Company website |
Company profile:
Faradion, one of the Top 10 sodium-ion battery companies, aims to develop sodium-ion technology and bring it to market. Faradion was the first company of the new Millennium to identify and exploit the potential of sodium ions in a rechargeable battery. With more patents in this area than competing Na-ion companies, Faradion can cement it’s position as market leader of non-aqueous sodium-ion batteries.
Main applications and products:
Stationary energy storage - na-ion batteries; Transport applications - sodium-ion cells
Related layout:
On March 10, 2021, battery manufacturers AMTE Power and Faradion announced a collaboration to combine Faradion’s intellectual property with AMTE Power’s design and manufacturing capabilities. This collaboration enables sodium-ion battery technology to be incorporated into a range of renewable energy applications, including home energy storage, commercial microgrids, wind turbines and tidal energy storage;
On 10 July 2021, AceOn has been awarded a £1 million grant from the UK Innovation Programme to accelerate the development of its mobile solar storage unit, AceOn's newly designed product will use Faradion's sodium-ion battery, which is Faradion's technology first commercial use in sub-Saharan Africa; At the end of 2021, Faradion was acquired by Reliance Industries of India.
③ Natron Energy
Founded time |
2012 |
International headquarters |
California, US |
Company website |
Company profile:
As one of the global Top10 sodium-ion battery companies, Natron Energy is the world's leading developer and supplier of high power, long life, and low cost Prussian Blue Sodium Ion battery solutions for critical power and industrial applications, including data center UPS systems and electrically-powered materials handling equipment. In 2020, Natron became the world’s first Sodium Ion battery to achieve UL 1973 listing for its battery product, and commercial shipments to customers in the data center, forklift, and EV fast charging markets began.
Main product and technology:
Sodium-ion battery packs - BlueTray 4000; Natron's Prussian Blue Sodium-ion technology.
Recent news and related layout:
In May 2022, Natron Energy and Clarios International announced a strategic agreement to collaborate on the production of large-scale sodium-ion batteries. Natron Energy has been developing sodium-ion batteries for a long time, probably more than 10 years.
④ HiNa BATTERY
Established date |
February 8, 2017 |
Company location |
Beijing, China |
Register capital |
30.94995 million RMB |
Company website |
Company profile:
Among the Top10 sodium-ion battery companies, HiNa BATTERY is a company specializing in the R&D and production of a new generation of energy storage systems - sodium-ion batteries. It has a number of core patents for sodium-ion batteries, and is one of the few battery companies in the world that has core patents and technologies for sodium-ion batteries. HiNa BATTERY focuses on low-cost, long-life, high-safety, high-energy-density sodium-ion battery products, with potential applications covering various types of electric bicycles, low-speed electric vehicles, communication base stations, data centers, home energy storage, and large-scale energy storage. Meanwhile, HiNa BATTERY can supply anode and cathode materials and electrolytes for sodium ion batteries.
Main products:
Energy storage system sodium ion battery.
Related layout:
At present, HiNa BATTERY controls the production of positive electrode, negative electrode, electrolyte, battery pack, etc., or conducts independent research and development, or establishes a joint venture with other companies and governments. HUA YANG GROUP has also cooperated with HiNa BATTERY and other companies to build cathode and anode material production lines and sodium-ion battery cell production lines. The cell production line started construction in Yangquan City at the beginning of this year, but these production lines have not yet been put into production or mass production.
In terms of production lines, HiNa BATTERY has also received support from the Three Gorges Group and the local government. At the end of 2021, Three Gorges Energy announced that Three Gorges Renewables and Three Gorges Capital, HiNa BATTERY and the Fuyang Municipal Government of Anhui Province signed a cooperation agreement on a sodium-ion battery production line, and will jointly build a large-scale production line for sodium-ion batteries.
⑤ RONBAY TECHNOLOGY
Established date |
September 18, 2014 |
International headquarters |
Zhejiang, China |
Total market value |
63.129 billion RMB |
Company website |
Company profile:
RONBAY TECHNOLOGY specializes in the R&D, production and sales of cathode materials for lithium batteries. The company has established long-term cooperative relationships with customers such as CATL, BYD, LG Chem, Tianjin Lishen, Funeng Technology, etc. Cutting-edge high energy density products, supporting the provision of ternary cathode materials with stable product performance and mature preparation technology. RONBAY TECHNOLOGY is the first cathode material manufacturer in China to realize mass production of NCM811. In addition to being the world's leading manufacturer of power battery cathode materials, RONBAY TECHNOLOGY also belongs to Top10 sodium-ion battery companies.
Main products:
NCM523, NCM622 and NCM811.Latest layout:
RONBAY TECHNOLOGY is in the process of technical research and development and production line construction of ferromanganese Prussian white and layered oxide cathode materials for sodium-ion batteries. The relevant information shows that it can achieve ton-level output in 2022.
⑥ ZOOLNASH
Established date |
January 21, 2021 |
Global headquarter |
Jiangsu, China |
Register capital |
13.07496 million RMB |
Company website |
Company profile:
ZOOLNASH is an emerging sodium-ion battery company. The company has carried out in-depth research on the electrochemical system, structure and system development of low-cost, long-cycle sodium-ion batteries with an original technical route. ZOOLNASH ranks at the forefront of Top10 sodium-ion battery companies in the transformation of sodium-ion battery research results with its excellent R&D capabilities.
Leading solutions:
New energy storage - electric energy storage, communication energy storage, home energy storage and portable energy storage; light power - electric two-wheeled vehicles, electric tricycles, electric mopeds and electric scooters; engineering power - forklifts, heavy trucks and aerial work platform vehicles; Passenger cars - Passenger cars and golf carts.
Related layout:
ZOOLNASH's product is a sodium iron sulfate battery, and its patented method for preparing high-performance cathode materials is said to have reached strategic cooperation with a number of downstream customers, and the first generation of products will be delivered within this year.
⑦ NATRIUM
Established date |
May 8, 2018 |
Company location |
Zhejiang, China |
Register capital |
14.117 million RMB |
Company website |
Company profile:
NATRIUM focuses on technological innovation and engineering of sodium-ion batteries, and is guided by market demand to develop, produce and sell a new generation of power and energy storage battery systems for smart grid energy storage, electric vehicles, distributed energy storage, and chemical power sources for special purposes, providing green and sustainable energy solutions.
Main applications and products:
Na-ion battery precursors and cathode materials, electrolytes for Na-ion batteries, Na-ion batteries and Na-ion battery application system products.
Related layout:
NATRIUM's main business focuses on the R&D and production of cathode materials and electrolytes for sodium-ion batteries. NATRIUM plans to put 3,000 tons of cathode materials and 5,000 tons of electrolyte into production this year, and build 80,000 tons of cathode materials and supporting electrolyte production lines in phases in the next 3-5 years. NATRIUM's cathode material pilot line is currently running 24 hours a day. Downstream customers include Honeycomb Energy, etc. The cathode material is likely to be supplied to multiple companies for product and technical verification.
⑧ KISHIDA CHEMICAL
Established date |
January 1, 1924 |
Company location |
Osaka, Japan |
Register capital |
50 million USD |
Company website |
Company profile:
KISHIDA CHEMICAL is a chemicals company based out of Japan, the company's line of business includes the manufacturing of chemical preparations.
Main applications and products:
Research chemicals, fine chemicals, chemical reagent for analysis, chemical reagent for life sciences, building blocks, ionic liquid, organic micro-analytical reagents, lithium ion battery grade, electric double layer capacitor grade, magnesium ion battery grade.
⑨ Panasonic
Established time |
March 13, 1918 |
Global headquarters |
Osaka, Japan |
Total market value |
18.850 billion USD |
Company website |
Company profile:
Panasonic is a large Japanese multinational conglomerate that became the world's largest consumer electronics manufacturer in the late 20th century, developing, producing, selling and servicing a range of electrical and electronic products. Panasonic offers a wide range of products and services, including rechargeable batteries, automotive and avionics systems, industrial systems, and home improvement and construction. Its products are used in consumer electronics, housing, B2B and automotive. Panasonic, one of the pioneers in automotive lithium-ion batteries and currently one of the top three electric vehicle battery makers, is entering a new phase in its automotive battery business.
Main products and services:
Rechargeable and non-rechargeable batteries including lithium ion, nickel metal hydride, lead acid, coin, nickel cadmium, lithium and alkaline technologies. Additionally, it offers amorphous silicon solar cells and consumer batteries.
Recent layout:
In June 2022, Panasonic officially revealed that it has begun to deliver samples of the new 4680 cylindrical lithium battery cells to Tesla, and has begun preparations for mass production. Panasonic has already started small-scale trial production of 4680 battery cells in May this year, and will enter mass production operations on April 1, 2023, when it will be able to supply Tesla's expected annual capacity of 10GWh.
⑩ MITSUBISHI CHEMICAL
Founded time |
1970 |
Global headquarter |
Tokyo, Japan |
Total market value |
44.914 billion USD |
Company website |
Company profile:
MITSUBISHI CHEMICAL GROUP is an integrated company among the Top10 sodium-ion battery companies, offering its wide range of products through its three main divisions: functional materials and plastic products (including information and electronics, specialty chemicals, pharmaceuticals); petrochemicals; carbon and agricultural products.
Main products:
Functional materials and plastic products (including information and electronics, specialty chemicals, pharmaceuticals); petrochemicals; carbon and agricultural products.
Related layout:
MITSUBISHI CHEMICAL is vigorously promoting the industrialization of sodium-ion batteries - a high energy density energy storage technology similar to all solid state battery.