China's battery industry has entered a stage of great change.

December 18, 2023

Power battery production capacity is expanding rapidly, and the industry has entered a phase of elimination and reshuffle. When our company recently communicated with an insider from a leading power battery company, we also learned that the current cost and price pressure caused by overcapacity of power batteries has been transmitted to the entire industry chain, including battery cells, electrode materials, raw materials, etc.

In the face of increasingly fierce competition, seeking "second growth points" has become the only choice for many power battery companies. Among them, Sodium-ion Battery products have become one of the focuses of many power battery companies' layout. Recently, Fudi Battery, a subsidiary of BYD, signed a contract with Huaihai Holding Group to jointly invest in a sodium battery project, with a planned total investment of 10 billion yuan. CATL also stated on the investor interaction platform that the company's sodium battery will be launched on Chery models.

Sodium-ion batteries are recognized as "potential stocks" in the energy storage market. In the field of large-scale energy storage that does not require high battery energy density, sodium-ion batteries are a very promising technology.

With the popularity of electric vehicles, a large amount of electricity is required, and the existing urban power grid configuration is difficult to meet the demand. It is a better choice to use large energy storage power stations to charge electric vehicles.

China's Battery Industry - Hard Carbon

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