Electrical Equipment / Components & Telecoms

Recently, several listed companies announced the latest investment progress and mass production plan of Sodium-ion battery. Under the guidance of relevant favorable policies, since this year, the industrialization process of Sodium-ion battery in China has been accelerating, and the Sodium-ion battery industry has continued to develop steadily.

Active layout of listed companies

According to Huacheng Import and Export Data Observation, on the evening of June 9th, Paineng Technology announced that the company plans to increase its capital with its related party Foshan Sinan Xinyu Equity Investment Partnership and other investors to Jiangsu Zhongna Energy Technology Co., Ltd. Among them, Paineng Technology plans to subscribe to Zhongna Energy's newly registered capital of 283786 yuan with its own funds of 30 million yuan. After the completion of this capital increase, the company will hold 1.9231% equity in Zhongna Energy.

Paineng Technology said that the company focused on the research, development, production and sales of Iron(III) phosphate lithium battery cells, modules and energy storage battery systems. With the continuous expansion of the company's business scale, in order to meet the market demand, the company continues to enrich the categories of energy storage products, and continues to carry out research and development of new projects such as Sodium-ion battery. The purpose of this investment is to achieve Vertical integration of the Sodium-ion battery industry chain, make innovative breakthroughs in the field of Sodium-ion battery energy storage, and further enhance the company's comprehensive competitiveness and sustainable development capability.

According to Huacheng Import and Export Data Observation, the main business of Zhongna Energy is to provide customers with overall solutions for Sodium-ion battery energy, including Sodium-ion battery cathode materials, square aluminum case batteries, soft pack batteries, etc. On May 22, Zhongna Energy signed a 10 billion yuan Sodium-ion battery project in Guangde, Anhui Province. It is reported that the project plans to build 20GWh Sodium-ion battery cell and 10GWh Sodium-ion battery system, which is the largest single Sodium-ion battery construction project in China at present. The first phase of the project is planned to start construction before the end of 2023. The project is expected to achieve an annual output value of over 10 billion yuan after reaching full production capacity.

In addition, Pritt and other companies also announced the latest investment trends in Sodium-ion battery. On May 31, Pulitzer announced that its holding subsidiary, Jiangsu Haisida Power Supply Co., Ltd., plans to set up a subsidiary in Liuyang Economic and Technological Development Zone, Hunan, and plans to invest in the construction of a 30GWh sodium ion and lithium ion battery and system production base, with a total investment of about 10.2 billion yuan.

Accelerated industrialization process

According to Huacheng Import and Export Data Observation, Sodium-ion battery uses sodium salt as electrode material. Compared with lithium ion batteries, Sodium-ion battery, although with low energy density, have advantages such as higher safety, lower cost, better low temperature resistance, and good rate performance. They can be widely used in energy storage, Neighborhood Electric Vehicle and other fields, and have broad market prospects.

2023 is regarded as the first year of Sodium-ion battery industrialization in the industry. With continuous breakthroughs in technology research and development, the industrialization of Sodium-ion battery has been further accelerated since this year.

According to Huacheng Import and Export Data Observation, after the first generation Sodium-ion battery was released in July 2021, the industrialization of CATL Sodium-ion battery has made important progress again since this year. On April 16, CATL announced that the company's Sodium-ion battery had landed on Chery models.

China Securities News reporter learned that at present, Tianneng is accelerating the development strategy of Sodium-ion battery industrialization. In March this year, Tianneng released a new generation of Sodium-ion battery products, and completed the sample delivery to several first-line two wheeled vehicle enterprises. Currently, relevant verification work is being carried out.

Tianneng said at the performance briefing a few days ago that the company has the capacity to produce and supply 300MWh Sodium-ion battery cell and module products on a dedicated line. The company insists on the linkage with upstream and downstream in the research, development and industrialization of Sodium-ion battery, builds the cooperation platform of Sodium-ion battery industry ecological alliance, and constantly promotes the construction of Sodium-ion battery product industry standard system, product pilot application, and collaborative innovation of business model.

In addition, GP Energy recently said at the shareholders' meeting that the number of cycles of Sodium-ion battery of the company's polyanion system has reached more than 6000, the Sodium-ion battery of the layered oxide system has been delivered to the vehicle factory for loading and testing, the sodium battery products without negative electrode materials continue to be iterative and optimized, and the development of positive electrode materials is also in normal progress.

Steadily advancing mass production plans

Policies support the development of Sodium-ion battery industry. Under the guidance of relevant favorable policies, listed companies steadily promoted the mass production plan of Sodium-ion battery.

On March 20 this year, the Guiding Opinions of Guangdong Province on Promoting the High Quality Development of New Energy Storage Industry was released, proposing to tackle key problems in Sodium-ion battery technology, strengthen technological breakthroughs in sodium salt and water Sodium-ion battery, improve energy density, solve technical problems such as short life and fast discharge, and accelerate the development of sodium ion energy storage battery industry.

On June 9, Wang Mingwang, the founder of Xinwangda, said at the 2023 World Power Battery Conference that the energy density of the company's Sodium-ion battery has reached 160Wh/kg, which can meet the market demand of new energy vehicles such as A00, A0, A, etc. It is expected to mass produce in the third quarter of 2024, and Huacheng's import and export data is reported by observation.

Recently, Funeng Technology disclosed at the performance conference that the company has cooperated with Jiangling Group in Sodium-ion battery products and is expected to complete the loading within this year. At the same time, the company actively connects with well-known domestic A00 level vehicle customers and other two wheeled vehicle customers. At the end of February this year, Funeng Technology received a letter from Jiangling Group to designate EV3 sodium battery, and will sell Sodium-ion battery package assembly to the latter.

In addition, when receiving an investigation from the agency recently, Betray said that the positive and negative electrode materials of the company's Sodium-ion battery have passed the certification of some domestic customers, achieving orders of more than tons and meeting the conditions for mass production and supply. At present, the specific capacity of "sodium detection 350" cathode material launched by the company can reach 350mAh/g, the first charge discharge efficiency can reach 90%, and the specific capacity of "Beina O3B" cathode material can reach 145mAh/g. (Transferred from: China Securities News)