鑫椤锂电·2025-03-07 08:42Core Viewpoint - The global sodium-ion battery industry is expected to experience explosive growth in 2024, with the demand for electrolytes reaching 2,400 tons, a year-on-year increase of 90.5%, driven by the large-scale application of sodium-ion batteries in energy storage and low-speed electric vehicles [1][3]. Downstream Demand Drivers - The energy storage market is booming, with sodium-ion batteries becoming popular due to their low cost, high safety, and resource availability, supported by global renewable energy storage policies [3]. - The low-speed electric vehicle market is expanding, with leading domestic companies like Yadea and Aima achieving over 20% penetration of sodium-ion models, and partnerships established between companies like CATL and vehicle manufacturers [3]. - Policy and capital are driving growth, with subsidies for sodium-ion batteries introduced in China, the EU, and India, leading to a 120% year-on-year increase in financing for leading companies [4]. Market Competition Landscape - Sodium-ion electrolyte production lines can generally be used interchangeably with lithium-ion electrolyte production lines, resulting in sufficient capacity for sodium-ion electrolytes as long as there is downstream demand [5]. - The market competition landscape has shifted significantly, with Zhuhai Saiwei leading in sodium-ion electrolyte shipments, followed by Jiangsu Langu and BYD, which primarily produces for its own use [6][7]. Market Outlook for 2025-2030 - The demand for sodium-ion electrolytes is expected to exceed 9,000 tons in 2025, representing a year-on-year growth of 275%, driven by the large-scale implementation of energy storage projects and the introduction of sodium-ion hybrid vehicles by companies like BYD and NIO [8][9]. - 2025 is anticipated to be a critical year for the commercialization potential of the sodium-ion industry, with technological advancements and capacity expansion occurring simultaneously [9].