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CATL launched its first-ever sodium-ion battery in July that yr, and the move “triggered large industry interest”, says Phate Zhang, founder regarding the Shanghai-based EV news outlet CnEVPost. Lithium’s prices continued to soar in 2022, driving more cost-conscious Oriental companies towards sodium, he notes. Typically the global prices for battery-grade lithium skyrocketed, multiplying over fourfold in a yr due to strong demand regarding electric vehicles (EV) and the Covid-19 pandemic. The main difference is the ions they use – the particles shuttling back again and forth between a battery’s positive and negative sides in order to store and release energy.