[{"data":1,"prerenderedAt":806},["ShallowReactive",2],{"ticker-data":3,"story-article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries":540},[4,52,82,112,148,186,228,259,296,328,371,412,450,481,510],{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":8,"today":9,"last":10,"percentageChange":11,"yearToDate":12,"yearOnYear":13,"oneYearIndexTrend":14,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-27","2wk","Updated every 2 weeks","Lithium",411.01,408.51,0.61,75.85,175.57,[15,16,18,21,24,27,30,33,36,39,42,45],{"date":5,"value":9},{"date":17,"value":10},"2026-05-13",{"date":19,"value":20},"2026-04-29",372.51,{"date":22,"value":23},"2026-04-15",354.35,{"date":25,"value":26},"2026-04-01",346.55,{"date":28,"value":29},"2026-03-18",351.32,{"date":31,"value":32},"2026-03-04",346.6,{"date":34,"value":35},"2026-02-18",324,{"date":37,"value":38},"2026-02-04",337.67,{"date":40,"value":41},"2026-01-21",298.32,{"date":43,"value":44},"2026-01-07",233.73,{"date":46,"value":47},"2025-12-24",203.79,"/lithium/prices",null,false,true,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":53,"today":54,"last":55,"percentageChange":56,"yearToDate":57,"yearOnYear":58,"oneYearIndexTrend":59,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Carbonate",449.85,451.12,-0.28,77.12,181.56,[60,61,62,64,66,68,70,72,74,76,78,80],{"date":5,"value":54},{"date":17,"value":55},{"date":19,"value":63},404.38,{"date":22,"value":65},381.25,{"date":25,"value":67},371.52,{"date":28,"value":69},373.01,{"date":31,"value":71},366.63,{"date":34,"value":73},349.17,{"date":37,"value":75},356.81,{"date":40,"value":77},316.73,{"date":43,"value":79},253.98,{"date":46,"value":81},220.12,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":83,"today":84,"last":85,"percentageChange":86,"yearToDate":87,"yearOnYear":88,"oneYearIndexTrend":89,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Hydroxide",358.35,350.28,2.3,76.32,168.94,[90,91,92,94,96,98,100,102,104,106,108,110],{"date":5,"value":84},{"date":17,"value":85},{"date":19,"value":93},328.09,{"date":22,"value":95},316.95,{"date":25,"value":97},311.86,{"date":28,"value":99},321.41,{"date":31,"value":101},319.14,{"date":34,"value":103},295.42,{"date":37,"value":105},310,{"date":40,"value":107},270.4,{"date":43,"value":109},203.24,{"date":46,"value":111},177.17,{"publishedDate":19,"updateFrequency":113,"updateFrequencyText":114,"label":115,"today":116,"last":117,"percentageChange":118,"yearToDate":119,"yearOnYear":120,"oneYearIndexTrend":121,"url":147,"subscription":49,"isProtected":50,"hasAccess":51},"1wk","Updated every week","Cobalt",244.61,252.61,-3.17,3.99,97.72,[122,123,124,127,129,132,133,136,138,141,143,146],{"date":19,"value":116},{"date":25,"value":117},{"date":125,"value":126},"2026-03-25",252.45,{"date":28,"value":128},252.84,{"date":130,"value":131},"2026-03-11",253.48,{"date":31,"value":126},{"date":134,"value":135},"2026-02-25",256.64,{"date":34,"value":137},255.58,{"date":139,"value":140},"2026-02-11",253.31,{"date":37,"value":142},252.26,{"date":144,"value":145},"2026-01-28",241.15,{"date":40,"value":145},"/cobalt/prices",{"publishedDate":149,"updateFrequency":6,"updateFrequencyText":7,"label":150,"today":151,"last":152,"percentageChange":153,"yearToDate":154,"yearOnYear":155,"oneYearIndexTrend":156,"url":185,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-20","Nickel",135.83,133.05,2.09,12.5,30.68,[157,158,160,163,166,168,170,172,174,176,179,182],{"date":149,"value":151},{"date":159,"value":152},"2026-05-06",{"date":161,"value":162},"2026-04-22",125.43,{"date":164,"value":165},"2026-04-08",124.51,{"date":125,"value":167},123.94,{"date":130,"value":169},123.51,{"date":134,"value":171},122.7,{"date":139,"value":173},123.79,{"date":144,"value":175},128.07,{"date":177,"value":178},"2026-01-14",120.74,{"date":180,"value":181},"2025-12-31",104.29,{"date":183,"value":184},"2025-12-17",103.44,"/nickel/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":189,"today":190,"last":191,"percentageChange":192,"yearToDate":193,"yearOnYear":194,"oneYearIndexTrend":195,"url":227,"subscription":49,"isProtected":50,"hasAccess":51},"2026-04-30","monthly","Natural Graphite",82.93,82.39,0.66,1.66,-0.87,[196,197,199,202,205,207,210,212,215,218,221,224],{"date":187,"value":190},{"date":198,"value":191},"2026-03-31",{"date":200,"value":201},"2026-02-27",81.92,{"date":203,"value":204},"2026-01-30",81.69,{"date":180,"value":206},81.58,{"date":208,"value":209},"2025-11-28",81.35,{"date":211,"value":209},"2025-10-31",{"date":213,"value":214},"2025-09-30",81.74,{"date":216,"value":217},"2025-08-29",81.56,{"date":219,"value":220},"2025-07-31",82.47,{"date":222,"value":223},"2025-06-30",83.13,{"date":225,"value":226},"2025-05-30",83.77,"/natural-graphite/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":229,"today":230,"last":231,"percentageChange":232,"yearToDate":233,"yearOnYear":234,"oneYearIndexTrend":235,"url":258,"subscription":49,"isProtected":50,"hasAccess":51},"Anode Coke",84.01,79.79,5.29,12.86,12.75,[236,237,238,240,242,244,246,248,250,252,254,256],{"date":187,"value":230},{"date":198,"value":231},{"date":200,"value":239},75.72,{"date":203,"value":241},74.61,{"date":180,"value":243},74.44,{"date":208,"value":245},76,{"date":211,"value":247},72.75,{"date":213,"value":249},71.92,{"date":216,"value":251},71.46,{"date":219,"value":253},70.35,{"date":222,"value":255},67.35,{"date":225,"value":257},65.78,"/synthetic-graphite/prices",{"publishedDate":260,"updateFrequency":188,"updateFrequencyText":188,"label":261,"today":262,"last":263,"percentageChange":264,"yearToDate":265,"yearOnYear":265,"oneYearIndexTrend":266,"url":295,"subscription":49,"isProtected":50,"hasAccess":51},"2025-11-17","Anode",77.79,77.96,-0.22,-1.93,[267,268,270,272,274,277,280,282,284,287,290,292],{"date":260,"value":262},{"date":269,"value":263},"2025-10-15",{"date":271,"value":263},"2025-09-15",{"date":273,"value":263},"2025-08-15",{"date":275,"value":276},"2025-07-15",77.93,{"date":278,"value":279},"2025-06-16",78.88,{"date":281,"value":279},"2025-05-15",{"date":283,"value":279},"2025-04-15",{"date":285,"value":286},"2025-03-17",79.89,{"date":288,"value":289},"2025-02-17",78.97,{"date":291,"value":289},"2025-01-15",{"date":293,"value":294},"2024-12-16",79.32,"/anode/prices",{"publishedDate":297,"updateFrequency":188,"updateFrequencyText":188,"label":298,"today":299,"last":300,"percentageChange":301,"yearToDate":301,"yearOnYear":302,"oneYearIndexTrend":303,"url":327,"subscription":49,"isProtected":50,"hasAccess":51},"2026-01-15","Cathode",72.79,64.08,13.59,43.38,[304,305,307,309,311,313,315,317,318,320,322,325],{"date":297,"value":299},{"date":306,"value":300},"2025-12-15",{"date":260,"value":308},62.01,{"date":269,"value":310},53.51,{"date":271,"value":312},49.5,{"date":273,"value":314},47.28,{"date":275,"value":316},46.05,{"date":278,"value":316},{"date":281,"value":319},48.08,{"date":283,"value":321},48.92,{"date":323,"value":324},"2025-03-18",52.79,{"date":288,"value":326},50.86,"/cathode/prices",{"publishedDate":329,"updateFrequency":188,"updateFrequencyText":188,"label":330,"today":331,"last":332,"percentageChange":333,"yearToDate":334,"yearOnYear":335,"oneYearIndexTrend":336,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"2025-03-31","Lithium ion Batteries",74.53,71.3,4.53,-1.6,-20.88,[337,338,340,343,346,349,352,355,358,361,364,367],{"date":329,"value":331},{"date":339,"value":332},"2025-02-28",{"date":341,"value":342},"2025-01-31",71.45,{"date":344,"value":345},"2024-12-31",75.74,{"date":347,"value":348},"2024-11-29",76.98,{"date":350,"value":351},"2024-10-31",77.34,{"date":353,"value":354},"2024-09-30",77.43,{"date":356,"value":357},"2024-08-30",80.56,{"date":359,"value":360},"2024-07-31",82.99,{"date":362,"value":363},"2024-06-28",87.2,{"date":365,"value":366},"2024-05-31",90.7,{"date":368,"value":369},"2024-04-30",93.2,"/battery-gigafactory/prices",{"publishedDate":372,"updateFrequency":6,"updateFrequencyText":7,"label":373,"today":374,"last":375,"percentageChange":376,"yearToDate":377,"yearOnYear":378,"oneYearIndexTrend":379,"url":411,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-21","Black Mass",54.15,51.47,5.21,25.5,92.33,[380,381,383,386,389,392,395,398,401,404,406,408],{"date":372,"value":374},{"date":382,"value":375},"2026-05-07",{"date":384,"value":385},"2026-04-23",48.63,{"date":387,"value":388},"2026-04-09",48.6,{"date":390,"value":391},"2026-03-26",47.29,{"date":393,"value":394},"2026-03-12",46.18,{"date":396,"value":397},"2026-02-26",45.8,{"date":399,"value":400},"2026-02-12",47.34,{"date":402,"value":403},"2026-01-29",49.57,{"date":297,"value":405},43.15,{"date":180,"value":407},47.05,{"date":409,"value":410},"2025-12-18",41.51,"/recycling/black-mass-prices",{"publishedDate":413,"updateFrequency":188,"updateFrequencyText":188,"label":414,"today":415,"last":416,"percentageChange":417,"yearToDate":418,"yearOnYear":419,"oneYearIndexTrend":420,"url":449,"subscription":49,"isProtected":50,"hasAccess":51},"2026-03-19","Rare Earths",172.27,182.38,-5.54,20.73,54.49,[421,422,424,427,430,432,435,437,440,443,445,447],{"date":413,"value":415},{"date":423,"value":416},"2026-03-05",{"date":425,"value":426},"2026-02-19",179.86,{"date":428,"value":429},"2026-02-05",155.4,{"date":431,"value":429},"2026-01-22",{"date":433,"value":434},"2026-01-08",145.37,{"date":46,"value":436},142.69,{"date":438,"value":439},"2025-12-11",141.67,{"date":441,"value":442},"2025-11-27",136.29,{"date":211,"value":444},132.15,{"date":213,"value":446},139.82,{"date":216,"value":448},145.27,"/rare-earths/prices",{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":451,"today":452,"last":453,"percentageChange":454,"yearToDate":455,"yearOnYear":456,"oneYearIndexTrend":457,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"LFP",111.93,124.92,-10.4,-2.67,-3.42,[458,459,460,462,464,466,469,471,473,475,477,479],{"date":213,"value":452},{"date":216,"value":453},{"date":219,"value":461},109.9,{"date":222,"value":463},100.47,{"date":225,"value":465},103.62,{"date":467,"value":468},"2025-04-30",109.47,{"date":329,"value":470},115.87,{"date":339,"value":472},117.3,{"date":341,"value":474},114.57,{"date":344,"value":476},115,{"date":347,"value":478},117.82,{"date":350,"value":480},111.9,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":482,"today":483,"last":484,"percentageChange":485,"yearToDate":486,"yearOnYear":487,"oneYearIndexTrend":488,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM High-Nickel",99.44,96.91,2.61,2.37,-3.84,[489,490,491,493,495,497,499,501,503,505,506,508],{"date":213,"value":483},{"date":216,"value":484},{"date":219,"value":492},97.09,{"date":222,"value":494},94.93,{"date":225,"value":496},97.13,{"date":467,"value":498},97.89,{"date":329,"value":500},101.4,{"date":339,"value":502},93.25,{"date":341,"value":504},98.94,{"date":344,"value":496},{"date":347,"value":507},98.69,{"date":350,"value":509},101.87,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":511,"today":512,"last":513,"percentageChange":514,"yearToDate":515,"yearOnYear":516,"oneYearIndexTrend":517,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":804,"relatedVideos":805},112471545207417,"c04fd33d-6dc0-4da3-8eca-699b843b40d3","Falling lithium prices challenge potential cost advantages of sodium batteries","falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries","article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries",{"_uid":547,"date":548,"tags":549,"editor":559,"content":569,"excerpt":780,"featured":51,"reporter":781,"_editable":785,"component":786,"seo_title":543,"categories":787,"visibility":797,"author_company":49,"featured_image":798,"seo_description":780,"author_full_name":49,"author_job_title":49,"formattedDate":802,"formattedArticleDate":803},"77de253b-6848-44d3-8abf-bc11b6ab2d36","2023-04-05 00:00",[550,553,556],{"slug":551,"name":552},"lithium-prices","Lithium prices",{"slug":554,"name":555},"sodium-ion-2","Sodium ion",{"slug":557,"name":558},"sodium-ion-batteries","Sodium Ion Batteries",[560],{"slug":561,"name":562,"content":563},"didi-bostock","Didi Bostock",{"job_title":564,"image":565,"bio":567,"linkedin":568},"Editor - Energy Transition & Economics",{"filename":566},"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":570,"content":571},"doc",[572,579,584,599,604,613,626,639,646,651,656,661,666,671,676,681,686,691,696,707,712,717,722,727,732,740,745,750,763,770,775],{"type":573,"attrs":574,"content":575},"paragraph",{"textAlign":49},[576],{"text":577,"type":578},"This year, two Chinese automakers unveiled the first electric cars using sodium ion batteries, which promise lower costs than traditional lithium ion cell chemistries. ","text",{"type":573,"attrs":580,"content":581},{"textAlign":49},[582],{"text":583,"type":578},"The EV3 electric sedan produced by Jiangling Motors Electric Vehicle, a Chinese automaker majority owned by Renault, is set to go on sale later this year, while the E10X, a test vehicle produced by Chinese automaker JAC Motors, was unveiled in February.",{"type":573,"attrs":585,"content":586},{"textAlign":49},[587,589,597],{"text":588,"type":578},"Since then, however, lithium prices have continued to fall, which could challenge the potential of sodium ion technology to reduce battery costs versus lithium ion technologies. Chinese spot market battery-grade ",{"text":590,"type":578,"marks":591},"lithium carbonate prices have almost halved this year",[592],{"type":593,"attrs":594},"link",{"href":595,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/chinese-lithium-prices-almost-halve-from-november-peak-as-demand-weakens","url",{"text":598,"type":578},", according to Benchmark’s Lithium Price Assessment.",{"type":573,"attrs":600,"content":601},{"textAlign":49},[602],{"text":603,"type":578},"That has lowered the costs of the cheapest lithium iron phosphate (LFP) cell chemistries. Prices for LFP battery cells have fallen by 15.5% year-on-year to $90.1 a kilowatt hour, as assessed by Benchmark in February.",{"type":573,"attrs":605,"content":606},{"textAlign":49},[607],{"type":608,"attrs":609},"image",{"id":49,"alt":610,"src":611,"title":49,"source":49,"copyright":49,"meta_data":612},"","https://a.storyblok.com/f/287943243085208/d9880d3bea/bm-lithium-price.jpg",{},{"type":573,"attrs":614,"content":615},{"textAlign":49},[616,618,624],{"text":617,"type":578},"Given that lithium accounts for around two-fifths of the LFP cell price, if ",{"text":619,"type":578,"marks":620},"lithium prices fall further",[621],{"type":593,"attrs":622},{"href":623,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/chinese-lfp-battery-prices-fall-to-12-month-low-as-lithium-prices-slump",{"text":625,"type":578},", sodium ion’s main attraction for automakers could diminish.",{"type":573,"attrs":627,"content":628},{"textAlign":49},[629,631,637],{"text":630,"type":578},"“The business case for investment in sodium ion is definitely set back when lithium is cheaper,” Iola Hughes, research manager at Rho Motion explained at ",{"text":632,"type":578,"marks":633},"Benchmark’s Gigafactories Europe event last week",[634],{"type":593,"attrs":635},{"href":636,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/energy-storage-is-fastest-growing-battery-market-as-government-policy-boosts-installations",{"text":638,"type":578},". ",{"type":640,"attrs":641,"content":643},"heading",{"level":642,"textAlign":49},4,[644],{"text":645,"type":578},"Sodium ion energy density challenge",{"type":573,"attrs":647,"content":648},{"textAlign":49},[649],{"text":650,"type":578},"Sodium is heavier than lithium, which means that sodium ion batteries have a lower energy density than most lithium ion batteries. ",{"type":573,"attrs":652,"content":653},{"textAlign":49},[654],{"text":655,"type":578},"This limits its use in EVs to shorter-range vehicles compared to high-nickel NCM chemistries. ",{"type":573,"attrs":657,"content":658},{"textAlign":49},[659],{"text":660,"type":578},"HiNa Battery, which is supplying batteries to Sehol’s E10X test vehicle, says its cells have energy densities of 145 watt-hours per kilogram (Wh/kg). ",{"type":573,"attrs":662,"content":663},{"textAlign":49},[664],{"text":665,"type":578},"Victoria Hugill, a research analyst at Rho Motion, suggests the next generation will have energy densities on par with LFP cells which is upwards of 160 Wh/kg.",{"type":573,"attrs":667,"content":668},{"textAlign":49},[669],{"text":670,"type":578},"If battery pack innovation such as cell-to-pack engineering is used vehicles using sodium ion could theoretically travel 160–240 miles (using the WLTP standard), according to an article published by researchers at sodium ion company Faradion last month. ",{"type":573,"attrs":672,"content":673},{"textAlign":49},[674],{"text":675,"type":578},"“These are not unrealistic targets,” they said.   ",{"type":573,"attrs":677,"content":678},{"textAlign":49},[679],{"text":680,"type":578},"Sodium ion EVs “should be cheaper than LFP-based EVs with similar/slightly inferior driving range,” the article published in Nature Energy said. ",{"type":640,"attrs":682,"content":683},{"level":642,"textAlign":49},[684],{"text":685,"type":578},"Sodium ion production capacity",{"type":573,"attrs":687,"content":688},{"textAlign":49},[689],{"text":690,"type":578},"Still, reaching that target will require a lot more investment in battery capacity. ",{"type":573,"attrs":692,"content":693},{"textAlign":49},[694],{"text":695,"type":578},"In 2022, there was just 3.1 gigawatt hours of sodium ion production capacity globally meaning the economies of scale enjoyed by lithium ion aren’t available. ",{"type":573,"attrs":697,"content":698},{"textAlign":49},[699,705],{"text":700,"type":578,"marks":701},"Benchmark is tracking 107 GWh of sodium ion battery capacity",[702],{"type":593,"attrs":703},{"href":704,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/over-100-gwh-of-sodium-ion-battery-capacity-planned-for-2030-as-industry-seeks-alternative-to-lithium",{"text":706,"type":578}," in the pipeline to 2035 across 28 facilities, compared to 9.2 TWh for all lithium ion chemistries, and 2.9 TWh for LFP cells.",{"type":573,"attrs":708,"content":709},{"textAlign":49},[710],{"text":711,"type":578},"“Compared with lithium ion battery production, sodium ion battery’s current pipeline capacity is still very small,” Nicole Peng, an analyst at Benchmark, said.",{"type":573,"attrs":713,"content":714},{"textAlign":49},[715],{"text":716,"type":578},"Rho Motion forecasts sodium ion costs could fall below $70 a kilowatt hour – but only if production is scaled up. That compares with $93.6 a kWh for LFP battery cells, as reported in Benchmark’s Lithium ion Battery Cell Price Assessment in February.",{"type":573,"attrs":718,"content":719},{"textAlign":49},[720],{"text":721,"type":578},"“LFP would be slightly cheaper, I would say, at present just given the huge scale of LFP production,” Hugill told Benchmark Source. “At the moment, just because of the scale, we probably won’t see that much of a saving [switching to sodium ion.]”",{"type":640,"attrs":723,"content":724},{"level":642,"textAlign":49},[725],{"text":726,"type":578},"Growing from a low base",{"type":573,"attrs":728,"content":729},{"textAlign":49},[730],{"text":731,"type":578},"Globally, demand for sodium ion batteries for the EV market is expected to grow over five-fold from 21 MWh this year to 109 MWh next year and then 262 GWh by 2040, according to data from Rho Motion and Benchmark.",{"type":573,"attrs":733,"content":734},{"textAlign":49},[735],{"type":608,"attrs":736},{"id":49,"alt":737,"src":738,"title":49,"source":49,"copyright":49,"meta_data":739},"Demand for sodium ion batteries is growing","https://a.storyblok.com/f/287943243085208/1c553e09c6/bm-sodium-ion-ev-market-size.jpg",{},{"type":573,"attrs":741,"content":742},{"textAlign":49},[743],{"text":744,"type":578},"But this represents 3.7% of the global EV battery market in that year, which Benchmark’s Lithium ion Battery Database forecasts will be over seven terawatt-hours. Lithium iron phosphate (LFP) will make up 30% of the EV market in that year, according to Benchmark.",{"type":573,"attrs":746,"content":747},{"textAlign":49},[748],{"text":749,"type":578},"Some markets, however, may see greater penetration of sodium ion technology. ",{"type":573,"attrs":751,"content":752},{"textAlign":49},[753,755,761],{"text":754,"type":578},"India is expected to have the largest share of sodium ion batteries in its EV fleet, with 5.9% market penetration by 2040, according to Rho Motion. This is similar to China, which has 5.6% penetration. Both countries have a ",{"text":756,"type":578,"marks":757},"high demand for cheap EVs",[758],{"type":593,"attrs":759},{"href":760,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/tatas-10000-ev-set-to-boost-india-ev-market-but-domestic-battery-supply-lags",{"text":762,"type":578}," with consumers less concerned about range.",{"type":573,"attrs":764,"content":765},{"textAlign":49},[766],{"type":608,"attrs":767},{"id":49,"alt":610,"src":768,"title":49,"source":49,"copyright":49,"meta_data":769},"https://a.storyblok.com/f/287943243085208/e0f10aa059/bm-sdium-penetration-by-market.jpg",{},{"type":573,"attrs":771,"content":772},{"textAlign":49},[773],{"text":774,"type":578},"Overall, however, sodium ion battery technology is at the very early stages of commercialisation and is currently in its first generation.",{"type":573,"attrs":776,"content":777},{"textAlign":49},[778],{"text":779,"type":578},"“It will take a certain amount of time to improve energy density, safety testing, and industrial commercialization for sodium ion batteries in the EV market,” Peng said.","This year, two Chinese automakers unveiled the first electric cars using sodium ion batteries, which promise lower costs than traditional lithium ion cell chemistries. The EV3 electric sedan produced by Jiangling Motors Electric Vehicle, a Chinese automaker majority owned by Renault, is set to go on sale later this year, while the E10X, a test […]",[782],{"slug":561,"name":562,"content":783},{"job_title":564,"image":784,"bio":567,"linkedin":568},{"filename":566},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"77de253b-6848-44d3-8abf-bc11b6ab2d36\", \"id\": \"\"}-->","article",[788,791,794],{"slug":789,"name":790},"batteries","Batteries",{"slug":792,"name":793},"battery-technology","Battery Technology",{"slug":795,"name":796},"ev","EV","private",{"id":49,"alt":610,"name":610,"focus":610,"title":610,"source":610,"filename":799,"copyright":610,"fieldtype":800,"meta_data":801,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/2f582f1712/bm-sehol-e10x-003.jpg","asset",{"alt":610,"title":610,"source":610,"copyright":610},"Apr 05, 2023","5th April 2023",[],[],1782484963746]