"There's no cobalt, there's no copper, there's no lithium, there's no graphite, which is really primarily controlled by China today." "It doesn't use the expensive raw materials," said James Quinn, CEO of U.K.-based sodium-ion battery maker Faradion. For instance, the materials used in sodium-ion batteries tend to be cheaper than those in lithium-ion batteries. Sodium-ion batteries can't provide the type of range for electric vehicles offered by lithium-ion batteries, but they do present some unique advantages. Limited (CATL), revealed in 2021 that it was investing in the technology, with plans to establish a basic industrial supply chain by this year. The technology is now getting a second look.Įxcitement around sodium-ion batteries picked up after the world's largest EV battery maker, Contemporary Amperex Technology Co. Sodium-ion batteries have been around for decades, but large-scale development of the technology was abandoned in favor of lithium-ion batteries. In a sodium-ion battery, lithium ions are replaced with sodium ions in the battery's cathode, and lithium salts swapped for sodium salts in the electrolyte. Both battery types generate electricity through a chemical reaction and are made up of an anode, cathode, separator and an electrolyte.
Sodium-ion batteries have a similar design to their lithium-ion counterparts and can be manufactured using related methods. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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