Market Overview, October 2024: sodium battery industry accelerates, Sodium battery industry is rising rapidly, with polyanion NFPP and NFS technologies advancing in tandem, bringing many benefits. Companies have been incentivizing the market through sodium cell discount promotions and launching new products, especially the release of the Snapdragon AB sodium battery by Ningde Times, which has given a huge boost to the market. In October alone, the total investment in sodium electric projects being promoted has exceeded 17 billion yuan, showing the strong momentum of the industry's development.
In October 2024, the sodium electric market performance was favorable, shipments were elevated, especially NFPP anode materials, which were in short supply; in terms of price, the price was downward, moving closer to low cost.
In October, there were more than twenty sodium power projects around the world, with a total investment of more than 17 billion yuan, an increase of 30% over the previous month. These projects mainly involve
Sodium electric core and sodium electric anode.
In 2024Q3, the prices of all kinds of materials continued to go down, and sodium-ion batteries are actively seeking cost optimization and performance improvement in the new energy market to accelerate the marketization process. Along with the rapid development of the sodium electric industry, the synergistic progress of the upstream and downstream industry chain is also accelerating.
At present, the sodium electric market shows a highly active trend. Among them, NFS cathode materials have attracted much attention, LOPE has established formal cooperation with TIANNA, while JA SODIUM is nervously debugging its 10,000-ton NFPP production line equipment. Meanwhile, Pangu Sodium Power added a number of new partners as it celebrated its second anniversary, Lake Sodium made a breakthrough in the field of sodium batteries for ships, and Zong Sodium Energy signed a supply and sales agreement for 50,000 units of light electric vehicles. In addition, the coal mine emergency power supply developed by Huayang Sodium Power also successfully passed the provincial review, marking another significant progress.
Output in October: sodium positive electrode and sodium core output increased, sodium negative electrode output stabilized.
1、Positive electrode material
In the field of sodium cathode materials, leading companies such as Zhongkehai Sodium, Xiangying, Wanrun, Jia Sodium, Rongbai, and Zhong Sodium continued to maintain high production and sales volume in the three main directions and six sub-products, with a ring increase of nearly 5%. With the increasing domestic and international market demand, production is expected to rise further in November, ringing up 10%.
2、Hard carbon anode materials
In the field of hard carbon negative electrode materials, the production of hard carbon negative electrodes saw a large incremental increase of 22% ringgit, but still faces the challenges of improving energy density and reducing costs. It is expected that the production will continue to grow by November, with a 3% ringgit increase.
In the domestic market, hard carbon negative electrode products from brands such as Baisi Ge, Betray, Zhongke Haijia and Jung Sodium are performing well in terms of production and sales.
3. Sodium electrolyte sodium
Electrolyte in October ring increase of 8%, is expected in November, the production of sodium electrolyte continued to ring increase of 6%. Saiwei, Tianci, Kunlun, Blue Solid, Sodium Chuang, Fengshan, Jinhui and other sodium electrolyte companies have high and low shipments.
4. Sodium cells (sodium ion batteries, sodium batteries)
Zhongke Hai sodium and Wike technology and so on in the big energy storage demonstration project performance has weakened, but is still deservedly sodium electricity two strong. In the field of new energy batteries, Ningde era's new battery Snapdragon launch on the future market to promote the lower big; compared with faster progress BYD, Ningde era's debut earlier, after the market need to continue to pay attention to. At the same time, start-stop market There are many enterprises have a lot of shipments, especially the traditional lead-acid battery companies.
October ring increment of 30%, is expected in November, the production of sodium battery cells continued to ring 12%, domestic and overseas energy storage projects continue to be delivered.
Taken together, the fourth quarter of 2024 was characterized by continued market growth, technological breakthroughs, and the successful landing of several projects. However, the current market progress is starting to accelerate. This progress will continue until the end of the year.
Source: SMM Sodium Power
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