Natrium Energy Signed a Contract of 80,000 mt of Sodium-Ion Battery Cathode Material Project, Further Accelerating the Industrialisation

Published: Jun 14, 2022 14:01

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It is expected that the industrialisation of sodium batteries will further accelerate in the future.

According to the news released by Natrium Energy, on the morning of June 9, the completion and commissioning of major projects in the second quarter and the signing ceremony were held in Yuecheng and Binhai District of Shaoxing City, Zhejiang Province. Among them, the 80,000 mt of sodium-ion battery cathode material project of Natrium Energy was approved by the Binhai New Area Management Committee, and the contract was officially signed at this conference. (https://www.itdcw.com/news/qiye/06141293912022.html)

Che Haiying, chairman of Natrium Energy, said that the company plans to complete the production of 3,000 mt of cathode materials and 5,000 mt of electrolyte this year. It is expected that in the next 3-5 years, the company will build 80,000 mt of cathode materials and supporting electrolyte production lines in stages to promote the development of the sodium-ion battery industry and become a pioneer in the global sodium-ion battery industry.

China Merchants Securities Research Report recently analysed that the industrialisation of sodium-ion batteries in the domestic market is accelerating with the cost advantage. Companies such as CATL, HiNa Battery, and Natrium Energy have successively launched sodium-ion battery products with excellent performance. From the perspective of downstream applications, the existing products are mainly aimed at the energy storage market, and there are also some innovative attempts in the electric bicycle and motive power market. It is expected that the industrialisation of sodium batteries will further accelerate in the future.

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