The battery is the most expensive piece of an EV, so lower costs will reduce the COGS – cost of goods sold, thus the consumer will be able to get an EV for even less. This makes the EVs more competitive with gas guzzlers. It will also make the $25,000 EV easier to build. CATL,
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Talk about Na-Ion batteries, Reliance Industries acquiring Faradion, CATL’s Na-Ion batteries. CATL says they are going to produce Na-Ion batteries with 190 Wh/kg and believe it’s possible to make them as high as 250 Wh/kg – this is better than Lithium-ion today. https://www.pv-magazine.com/2022/03/26/the-weekend-read-sodium-ion-batteries-go-mainstream/
There will be a huge demand for batteries in the future according to CATL. They are bringing a huge factory online but the demand will be greater over the next few years. The demand is growing. https://cleantechnica.com/2022/01/17/catl-warns-on-solid-state-batteries-sees-supply-shortfall-ahead/amp/
CATL has developed and produced sodium-ion batteries almost as good as LFP batteries. The 1st generation are 160 Wh/kg as compared to 200 for LFP. https://insideevs.com/news/523413/catl-unveils-sodium-ion-battery/amp/
