Chan Ye Xin Xi Wang·2025-11-01 01:14Core Insights - Sodium salt batteries are emerging as a significant technology in the energy storage sector, driven by their safety, resource availability, long cycle life, and environmental adaptability [1][4][6] - China's new energy storage capacity is projected to reach 73.76 million kilowatts by the end of 2024, accounting for over 40% of the global total, with an annual growth rate exceeding 130% since the "14th Five-Year Plan" [1][6] - The competitive landscape is characterized by leading companies like CATL, BYD, and Zhongke Haina dominating the market, while emerging firms focus on niche segments [1][8] Industry Overview - Sodium salt batteries operate on the principle of sodium ion intercalation and deintercalation, offering advantages such as high safety, abundant resources, lower costs compared to lithium batteries, and long cycle life [2][4] - The technology is supported by a series of government policies aimed at promoting research, development, and commercialization, particularly in the energy storage sector [4][6] Market Dynamics - The storage market is a key application area for sodium salt batteries, with increasing demand driven by the integration of renewable energy sources [6][7] - As of 2023, the shipment volume of sodium ion batteries in China was 0.7 GWh, which surged to approximately 3.7 GWh in 2024, marking a significant year-on-year increase of 428% [7] Competitive Landscape - The industry is witnessing a "head-led, emerging breakout, and regional clustering" competitive pattern, with major players leveraging their production capacity and technological advantages [8][10] - CATL, BYD, and Zhongke Haina are leading the market, with CATL planning to reach a production capacity of 60 GWh by 2025 [8][10] Future Trends - The sodium salt battery industry is expected to evolve along paths of technological deepening, application value enhancement, and collaborative upgrades across the supply chain [10][11] - The focus will shift from merely supplementing lithium batteries to establishing a dominant value proposition in various applications, including energy storage and electric vehicles [11][12]