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CATL launched its first-ever sodium-ion battery in July that year, and the move “triggered high industry interest”, says Phate Zhang, founder of 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 international prices with respect to battery-grade lithium skyrocketed, multiplying over fourfold in a 12 months due to be able to strong demand with respect to electric powered vehicles (EV) and the Covid-19 pandemic. Typically the main difference is the ions they make use of – the particles shuttling again and forth between a battery’s positive and negative sides in order to store and release energy.

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