Recently, the third sodium ion battery industry chain and standard development forum was held in Yangquan, Shanxi Province. The forum released the "China sodium ion battery industry technology roadmap." The Roadmap predicts that China's sodium ion battery shipments will exceed 1GWh in 2024 and the planned production capacity will reach 60GWh in 2025. In the past two months, a total of 7 A- share sodium ion battery industry chain companies announced that they have produced sodium ion batteries and related raw materials.

Source: Photograph Network

Release of Sodium-Ion Battery Industry Technology Roadmap

From June 12 to 14, 2024, the "Third Sodium Ion Battery Industry Chain and Standard Development Forum" was held in Yangquan, Shanxi. This forum released the "China Sodium Ion Battery Industry Technology Roadmap" (hereinafter referred to as the "Roadmap") jointly organized by the China Institute of Electronic Technology Standardization and the Zhongguancun Energy Storage Industry Technology Alliance.

According to the Roadmap, in 2023, there will be more than 30 newly signed sodium ion battery-related projects in China, with a total planned production capacity of more than 260GWh (electric energy unit: gigawatt hours) and a total investment of more than 114 billion yuan. At present, many domestic enterprises have successfully realized the large-scale production of sodium-ion batteries. As of the end of June 2023, the domestic production capacity for sodium-ion batteries was 10GWh, an increase of 8GWh compared to the end of 2022. It is estimated that by 2025, China's planned production capacity of sodium ion batteries will reach 60GWh.

From the perspective of supply and demand, it is estimated that in 2024, the demand for sodium ion batteries in China will reach 11.90GWh, and the shipment volume is expected to exceed 1GWh. In 2026 and 2030, the global demand for sodium ion batteries is about 110GWh and 520GWh, of which the demand for sodium ion batteries for energy storage, two-wheelers and A00 cars is expected to reach 82GWh, 16GWh and 17GWh respectively in 2026.

In addition, according to the public information of this forum, in 2024, the development momentum of sodium ion batteries is strong. According to incomplete statistics, more than 20 sodium power projects were signed, filed, and started during the year, involving many subdivisions such as batteries, positive and negative materials, and the total project investment was nearly 40 billion yuan. As of this forum, a total of four batches of 47 models of sodium-ion batteries through the basic performance evaluation of the battery organized by the forum.

Funeng Technology has mass-produced sodium-ion batteries

According to our incomplete statistics, in the past two months, a total of 7 listed companies in the-share sodium-ion battery industry chain have announced the production of sodium-ion batteries and related raw materials (excluding pure research and development and technology accumulation). Among them, the announcement of sodium ion battery mass production of only one company, for the Fu Neng Technology (Zhangzhou) Co., Ltd. (securities abbreviation: Fu Neng Technology; securities code: 688567.SH).

May 17, 2024, Funeng Technology announcement shows that in 2023, the company's new product lithium iron phosphate battery, sodium ion battery and existing product ternary soft pack battery have achieved No-TP (thermal runaway non-diffusion). Among them, some of the project products have passed the 100%SOC (battery remaining capacity) acupuncture test. In other words, the company's sodium-ion batteries are already mass-produced products that have passed safety tests.

Funeng Technology is mainly engaged in the research and development, production and sales of power batteries and battery systems, and has the delivery capacity of ternary, lithium iron phosphate, sodium ion and other types of batteries.

4 listed companies power sodium-ion battery cathode materials

On June 12, 2024, Guizhou Zhenhua New Materials Co., Ltd. (stock abbreviation: Zhenhua New Materials; stock code: 688707.SH) announced that the company will accelerate the promotion of 6-series high voltage for new energy vehicles. New materials such as fast charging materials and sodium ion battery cathode materials strive to gain more market share. In addition, the company's sodium-ion battery positive material by virtue of excellent performance and leading cost-effective advantages, with the domestic head of the core customers to reach a comprehensive and in-depth cooperative relationship, has been loaded into the application.

Zhenhua New Material focuses on the research and development, production and sales of lithium-ion battery cathode materials, mainly providing lithium-ion battery cathode materials used in new energy vehicles and consumer electronics products.

Hubei Wanrun New Energy Technology Co., Ltd. (securities abbreviation: Wanrun New Energy; securities code: 688275.SH) 2023 annual report shows that the company's sodium ion battery cathode materials have been mass-produced and shipped. The sodium-ion battery cathode material that the company has shipped has the advantages of low cost, good cycle performance, long life, excellent low temperature performance, and the ability to achieve large-rate discharge.

Wanrun New Energy mainly produces positive materials and precursors for lithium-ion power batteries and energy storage batteries.

Zhejiang Pawa New Energy Co., Ltd. (securities abbreviation: Pawa shares; securities code: 688184.SH) 2023 annual report stated that the company's main business is the research and development, production and sales of energy battery materials, focusing on lithium-ion batteries, Sodium ion battery cathode material segmentation direction. At present, the company's main products include lithium-electric three-way positive precursor, sodium-electric iron-based three-way and copper-based four-way positive precursor.

April 29, 2024, according to Guangdong Dow Technology Co., Ltd. (securities abbreviation: Dow Technology; securities code: 300409.SZ) announcement, the company's sodium ion battery precursor and lithium-ion battery ternary precursor production line is compatible. The newly designed 10,000-ton production line at Wuhu Base is compatible with the production of sodium-electric precursors.

Dow Technology's main business is divided into lithium materials, ceramic materials, strategic resources business and carbon materials and other four major sectors.

There are also two companies that produce positive and negative electrode materials and coating materials respectively

in addition to the above five companies, beitri new materials group co., ltd (securities abbreviation: beitri; Securities code: 835185.BJ) is engaged in the production of positive and negative materials for sodium ion batteries. Anhui yishitong materials technology co., ltd. (securities abbreviation: yishitong; Securities code: 688733.SH) has laid out battery safety coating materials.

April 24, 2024, according to Beitri announcement, the company has a layout in the field of sodium ion positive and negative materials, currently has a production capacity of 400 tons/year, under construction capacity of 3000 tons/year. In 2023, the company's sodium ion positive and negative materials have passed some domestic customer certification, to achieve tons of orders above, with mass production supply conditions.

Beitri focuses on the research and development, production and sales of lithium-ion battery anode materials, cathode materials and advanced new materials. The main products include natural graphite anode materials, artificial graphite anode materials, silicon-based anode materials and high nickel ternary cathode materials.

Yishitong's 2023 annual report said that boehmite, as an important coating material to improve the active safety performance of lithium batteries, has been widely used in diaphragm coating and cathode edge coating of power batteries and consumer batteries, and is also being gradually promoted in energy storage batteries and sodium-ion batteries.

One Stone's main products include lithium battery coating materials, electronic communication function filling materials and low-smoke halogen-free flame retardant materials. Among them, the coating material of lithium battery (sodium ion battery) is mainly boehmite product, which is an inorganic ceramic coating powder material. By coating the battery cell diaphragm or pole piece, the heat resistance and puncture resistance of the battery cell diaphragm can be improved.