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CATL launched its first-ever sodium-ion battery in July that 12 months, and the move «triggered higher industry interest», says Phate Zhang, founder regarding the Shanghai-based EV news outlet CnEVPost. Lithium’s prices continued to be able to soar in 2022, driving more cost-conscious Chinese language companies towards sodium, he notes. Typically the worldwide prices for battery-grade lithium skyrocketed, multiplying over fourfold in a yr due in order to strong demand for electric powered vehicles (EV) and the Covid-19 pandemic. The particular main difference is the ions they make use of – the particles shuttling back and forth between a battery’s positive and negative sides in order to store and release energy.

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