The high price of lithium has caused anxiety in the whole new energy market, which has accelerated the construction of the industrial chain of sodium-ion battery. The cost of sodium battery after mass production is reduced by more than 30% compared with that of lithium-ion battery. Sodium-ion batteries will be used in energy storage, electric motors, low-speed electric vehicles and other fields, and complement the lithium batteries.

The first year of sodium-ion battery industrialization can be interpreted as the sodium-ion battery industry began to grow explosively and entered a new stage of deep integration with the real industry." Shanghai new energy Department analyst told reporters, because the mass production of sodium ion battery than lithium ion battery cost is lower, and in line with the energy storage field of high safety and low cost two core needs, coupled with the 2022 energy storage policy support, sodium ion battery has the conditions for industrialization, a number of enterprises actively layout this year, is expected to achieve mass production in 2023, and put sodium ion batteries and related products into the market.

 Although the expected cost of sodium ion battery is very low, the cost of sodium ion battery is still high due to the influence of the development stage and scale of the industrial chain. After mass production of sodium ion battery development enterprises still need to face many problems, including whether the developed products can be well applied.