Since 2024, the sodium ion battery industry has shown rapid development, and TOPWAY New Energy has followed the development of the battery industry and set up a project for sodium ion battery research and development, and now TOPWAY New Energy has mastered a number of core technologies and patents for sodium ion batteries.
In China, sodium-ion battery research is an important topic, according to incomplete statistics, 2024 established sodium power projects have been more than 20, involving the core, positive and negative electrode materials and many other segments, the total project investment of nearly 40 billion yuan.
By the end of June 2023, China's dedicated capacity for sodium-ion batteries in operation reached 10 GWh, an increase of 8 GWh from the end of 2022; China's demand for sodium-ion batteries is expected to reach 11.9 GWh in 2024, and shipments are expected to break through 1 GWh; by 2025, China's sodium-ion batteries are expected to reach a planned capacity of 60 GWh.
TOPWAY New Energy believes that 2021-2025 is the industrialisation and implementation phase of sodium-ion batteries. Among them, 2024 is the growth period of sodium-ion battery industrialisation, which is manifested in the strengthening of market expansion, and 2025 will enter into commercialisation. 2026-2030, China's sodium-ion batteries will enter the mature promotion stage, and by 2030 will gradually form a 500-1,000 GWh scale industry.
TOPWAY New Energy believes that the low raw material and cost of sodium-ion will be its incomparable long-term advantage. Sodium-ion batteries are also the ballast of future energy security. With the cost reduction and automatic market expansion, sodium-ion batteries will become the main form of secondary batteries together with lithium-ion batteries.
From a resource perspective, if recycling is not taken into account, global lithium reserves will not be able to meet the demand for electric vehicles by 2036 at the latest, so abundant sodium resources will be crucial to ensure the development of new energy vehicles.
TOPWAY New Energy believes that sodium-ion hybrid capacitors, with high power density, long lifespan and considerable energy density, can replace lead-acid batteries and fill the performance space of supercapacitors and lithium-ion batteries in the future.
TOPWAY NEW ENERGY is one of the most advanced companies in China in the production of sodium-ion batteries. Sodium-ion products for energy storage are currently the focus of TOPWAY NEW ENERGY's development, and TOPWAY NEW ENERGY has already reached many agreements with customers in Europe and the U.S. on cooperation in sodium-ion energy storage. In the future, TOPWAY New Energy will also fully develop sodium-ion batteries in the fields of electric two-wheelers, sightseeing buses, industrial and commercial energy storage cabinets, and emergency power supplies.