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battery ","catl-releases-freevoy-lithium-sodium-ion-hybrid-battery","article/catl-releases-freevoy-lithium-sodium-ion-hybrid-battery",{"_uid":547,"date":548,"tags":549,"editor":556,"content":566,"excerpt":638,"featured":51,"reporter":639,"_editable":643,"component":644,"seo_title":543,"categories":645,"visibility":649,"author_company":49,"featured_image":650,"seo_description":638,"author_full_name":49,"author_job_title":49,"formattedDate":655,"formattedArticleDate":656},"79aa8e6e-f937-4db4-8c0a-696b308f64bb","2024-10-29 00:00",[550,553],{"slug":551,"name":552},"catl","CATL",{"slug":554,"name":555},"sodium-ion-batteries","Sodium Ion Batteries",[557],{"slug":558,"name":559,"content":560},"didi-bostock","Didi Bostock",{"job_title":561,"image":562,"bio":564,"linkedin":565},"Editor - Energy Transition & Economics",{"filename":563},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":567,"content":568},"doc",[569,576,581,586,593,598,603,608,613,628,633],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573],{"text":574,"type":575},"CATL’s new lithium-sodium ion hybrid battery could be a boon to demand for sodium ion cells, as the battery maker attempts to crack low temperature regions. ","text",{"type":570,"attrs":577,"content":578},{"textAlign":49},[579],{"text":580,"type":575},"The Chinese battery maker’s ‘Freevoy Super Hybrid Battery’ is said to balance the high energy density of lithium ion batteries with the low temperature performance of sodium ion batteries.",{"type":570,"attrs":582,"content":583},{"textAlign":49},[584],{"text":585,"type":575},"“The excellent performance of sodium ion batteries at low-temperatures sets them apart from lithium ion batteries. The low-temperature performance of CATL’s Freevoy hybrid battery may strengthen EV adoption in cold climates such as North China,” said Catherine Peake, an analyst at Benchmark.",{"type":587,"attrs":588,"content":590},"heading",{"level":589,"textAlign":49},4,[591],{"text":592,"type":575},"Why this is important",{"type":570,"attrs":594,"content":595},{"textAlign":49},[596],{"text":597,"type":575},"The production of cells optimised for low temperature performance indicates CATL’s desire to crack cold regions like northern China and Russia where electric vehicle penetration is low.",{"type":570,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":575},"EV penetration stood at 32.4% for 2023 in China, according to data from Rho Motion. Of the six provinces below 25% penetration, all were located in either the North or West of the country. These areas are more rural and poorer but also experience colder temperatures where lithium ion battery performance is compromised.",{"type":570,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":575},"The announcement bodes well for the sodium ion battery market more broadly. ",{"type":570,"attrs":609,"content":610},{"textAlign":49},[611],{"text":612,"type":575},"“With the currently low price environment of lithium iron phosphate (LFP) cells, it’s encouraging to see announcements surrounding the application of sodium ion batteries in electric vehicles,” said Peake.",{"type":570,"attrs":614,"content":615},{"textAlign":49},[616,618,626],{"text":617,"type":575},"The appeal of sodium ion batteries soared during the high lithium prices of late 2022 and early 2023. The current low price environment for lithium has produced ",{"text":619,"type":575,"marks":620},"record low LFP cell prices",[621],{"type":622,"attrs":623},"link",{"href":624,"uuid":49,"anchor":49,"target":49,"linktype":625},"https://www.benchmarkminerals.com/","url",{"text":627,"type":575}," and cooled interest in sodium ion batteries as a result.",{"type":587,"attrs":629,"content":630},{"level":589,"textAlign":49},[631],{"text":632,"type":575},"Key features",{"type":587,"attrs":634,"content":635},{"level":589,"textAlign":49},[636],{"text":637,"type":575},"CATL’s role in the sodium ion battery market","CATL’s new lithium-sodium ion hybrid battery could be a boon to demand for sodium ion cells, as the battery maker attempts to crack low temperature regions. The Chinese battery maker’s ‘Freevoy Super Hybrid Battery’ is said to balance the high energy density of lithium ion batteries with the low temperature performance of sodium ion batteries. 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