Svolt Energy expects to complete the development of sodium-ion batteries with an energy density of 160 Wh/kg and cycle life of more than 2,000 by the fourth quarter of 2023.
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Farasis Energy is working on adapting a sodium-ion battery based on a JMEV model that will be available in 2023.
Hina Battery's production line, located in Fuyang, Anhui province, is the first phase of its 5 GWh project.
The BYD Seagull, which is expected to be launched in the second quarter of 2023, will be the first model with sodium-ion batteries and is expected to be priced as low as about $8,484, according to local media.
A CATL executive's words imply that initial sodium-ion batteries used in production vehicles may not abandon the use of lithium altogether, but rather a mix of the two.
BYD's sodium-ion batteries will first be featured in some versions of the Qin EV, Dolphin and new model Seagull, a local media report said.