Sodium-ion batteries offer several major advantages over nickel cobalt manganese (NCM) and lithium iron phosphate (LFP) batteries, particularly in terms of cost and proven safety against fire risks. They also maintain strong energy density even in extremely low temperatures.
Additional data from the market tracker showed that the combined global market share of the three Korean battery firms mentioned is in sharp decline. Their combined share in the first half of this year fell to 16.4 percent, down 5.4 percentage points from a year earlier. In 2021, they accounted for more than 30 percent of the global EV battery market.
In contrast, Chinese battery firms held a commanding 77.8 percent share of the market during the same period
more carmakers, including Hyundai Motor, are moving to adopt Chinese NCM batteries
They are. For vehicle use they’d only be worth a damn in small shorter range vehicles. Trying to shove one in a longer range or large vehicle would need the battery to take up lots of space and a large amount of weight, making it hell on tire tread life, and when a set of tires is $800 you’re going to fuck yourself over (and the environment) when you have to buy a new set every 25,000 miles.