Sodium Ion Battery Cell Market

The Global was valued at USD 298.6 Million in 2023 and is projected to reach USD 1,823.5 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 25.3% during the forecast period (2024–2030). This explosive growth is primarily driven by surging demand for sustainable energy storage, rising costs of lithium, and significant technological advancements in sodium-ion chemistry for applications ranging from consumer electronics to grid storage.

As the world accelerates its transition towards electrification and decarbonization, the search for cost-effective and abundant battery materials has intensified. Sodium-ion batteries are emerging as a formidable alternative to lithium-ion, and the companies pioneering this technology are positioned to redefine the energy storage landscape. This blog profiles the Top 10 Companies in the Sodium Ion Battery Cell Industry—a dynamic mix of established battery giants, specialized tech firms, and ambitious start-ups shaping a sustainable future.

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🔟 1. Contemporary Amperex Technology Co. Limited (CATL)

Headquarters: Ningde, Fujian, China
Key Offering: Sodium-ion battery cells (first-generation and AB battery system)

CATL, the world’s largest lithium-ion battery manufacturer, made a groundbreaking entry into the sodium-ion space in 2021. Its first-generation sodium-ion cells boast an energy density of 160 Wh/kg, with plans to increase this to 200 Wh/kg in subsequent generations. The company’s innovative “AB battery system” integrates sodium-ion and lithium-ion cells within a single pack, optimizing performance and cost.

Innovation and Expansion Plans:

• Achieved first-generation cell energy density of 160 Wh/kg, targeting 200 Wh/kg.

• Pioneering the AB battery pack system (sodium-ion + lithium-ion).

• Plans for mass production and supply chain establishment by 2023-2024.

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9️⃣ 2. HINA BATTERY

Headquarters: Shenzhen, Guangdong, China
Key Offering: Sodium-ion cylindrical and prismatic cells

HINA BATTERY is a leading Chinese company dedicated to the research, production, and sales of sodium-ion batteries. With a strong focus on R&D, the company has developed cells suitable for light electric vehicles, energy storage systems (ESS), and power tools, positioning itself as a key supplier in the early adopter market.

Innovation and Expansion Plans:

• Specialization in sodium-ion chemistries for diverse applications.

• Focus on cost-competitive manufacturing for mass-market adoption.

• Strategic partnerships with EV and ESS manufacturers.

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8️⃣ 3. SHAN XI HUA YANG GROUP NEW ENERGY

Headquarters: Taiyuan, Shanxi, China
Key Offering: Sodium-ion battery cells and modules for large-scale storage

Leveraging its background in energy and resources, SHAN XI HUA YANG GROUP NEW ENERGY is focusing on developing sodium-ion battery technology for large-scale energy storage applications. The company aims to capitalize on the stability and safety profile of sodium-ion chemistry for stationary storage solutions.

Innovation and Expansion Plans:

• Targeting the large-scale grid and commercial energy storage market.

• Leveraging corporate resources for vertical integration.

• Emphasis on long cycle life and safety for stationary applications.

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7️⃣ 4. Jiangsu Transimage Technology

Headquarters: Changshu, Jiangsu, China
Key Offering: Sodium-ion battery cells and related new materials

Jiangsu Transimage Technology is a materials science company that has expanded into sodium-ion battery cell production. Its expertise in chemical materials provides a strong foundation for developing advanced electrode and electrolyte formulations, giving it a potential edge in performance optimization.

Innovation and Expansion Plans:

• Integration of material science expertise into cell manufacturing.

• Development of proprietary cathode and anode materials.

• Focus on enhancing energy density and charging speed.

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6️⃣ 5. DFD (Faradion Limited – Acquisition by Reliance Industries)

Headquarters: Oxford, United Kingdom (acquired by Reliance New Energy, India)
Key Offering: Proprietary sodium-ion battery technology

Faradion was a UK-based pioneer in sodium-ion technology, renowned for its high-energy-density cells. Its acquisition by Reliance Industries in 2021 positioned it for massive scale-up. Faradion’s technology utilizes abundant, sustainable materials and is designed for a wide range of applications, from mobility to grid storage.

Innovation and Expansion Plans:

• World-leading sodium-ion IP portfolio acquired by Reliance.

• Plans for giga-scale manufacturing in India for global markets.

• Focus on commercializing technology for EVs and renewable integration.

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5️⃣ 6. Natron Energy

Headquarters: Santa Clara, California, USA
Key Offering: Sodium-ion batteries using Prussian blue electrode chemistry

Natron Energy stands out with its unique Prussian blue pigment-based electrode chemistry. This design offers exceptional power density, ultra-fast charging (minutes), and a remarkably long cycle life (tens of thousands of cycles). Their batteries are targeted at critical power backup, industrial equipment, and fast-charging applications.

Innovation and Expansion Plans:

• Prussian blue chemistry for high power and extreme longevity.

• Commissioning the first US-based sodium-ion gigawatt-scale factory in 2023.

• Strategic focus on data center UPS and motive power markets.

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4️⃣ 7. HiNa Battery Technology Co., Ltd.

Headquarters: Liyang, Jiangsu, China
Key Offering: Sodium-ion battery cells and packs

HiNa Battery is a spin-off from the Chinese Academy of Sciences, giving it a strong foundation in core research. The company has deployed its sodium-ion batteries in various pilot projects, including electric buses, e-bikes, and residential energy storage, demonstrating the practical viability of the technology.

Innovation and Expansion Plans:

• Strong academic and research backing from the Chinese Academy of Sciences.

• Active deployment in real-world pilot projects for validation.

• Focus on commercializing low-cost, safe battery solutions.

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3️⃣ 8. Altris AB

Headquarters: Uppsala, Sweden
Key Offering: Sustainable sodium-ion cathode material (Fennac®) and cell design

Altris is a European leader focused on creating the world’s most sustainable sodium-ion battery. Their innovation lies in the Fennac® cathode material, which is iron-based and completely free from scarce and expensive elements like cobalt, nickel, and copper. They partner with cell manufacturers to enable production.

Innovation and Expansion Plans:

• Proprietary Fennac® cathode material using abundant iron.

• Focus on extreme sustainability and EU-based supply chains.

• Business model centered on licensing technology to battery makers.

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2️⃣ 9. TIAMAT

Headquarters: Amiens, France
Key Offering: Sodium-ion cells for high-power applications

TIAMAT is a French spin-off from the CNRS (National Center for Scientific Research) that develops and produces sodium-ion technology. It focuses on cells that offer high power performance, making them suitable for fast-charging consumer electronics, power tools, and start-stop systems in micro-hybrid vehicles.

Innovation and Expansion Plans:

• Development focused on high-power density rather than high-energy density.

• Targeting niche markets like power tools and fast-charging devices.

• Building a pilot production line in France for commercialization.

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1️⃣ 10. Northvolt

Headquarters: Stockholm, Sweden
Key Offering: Sustainable lithium-ion and next-generation sodium-ion batteries

While primarily a lithium-ion battery gigafactory developer, Northvolt has publicly committed to developing sodium-ion technology as part of its long-term roadmap. With a strong emphasis on sustainability and European manufacturing, Northvolt’s entry into the sodium-ion space is highly anticipated and could significantly accelerate market adoption.

Innovation and Expansion Plans:

• R&D investment in next-generation battery technologies, including sodium-ion.

• Goal to integrate sustainable sodium-ion cells into its future product portfolio.

• Potential for large-scale production leveraging its gigafactory expertise.

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🌍 Outlook: The Future of Energy Storage is Diversified and Sustainable

The sodium-ion battery cell market is at a pivotal inflection point. No longer just a laboratory curiosity, it is rapidly progressing towards commercial maturity, driven by compelling economic and supply chain advantages. The industry is poised to complement, and in some cases compete with, the established lithium-ion hegemony.

📈 Key Trends Shaping the Market:

• Supply Chain Security: Reducing reliance on critical materials like lithium, cobalt, and nickel, which are geographically concentrated and subject to price volatility.

• Cost Competitiveness: The abundance of sodium promises significantly lower raw material costs compared to lithium-ion, a key driver for mass-market applications.

• Sustainability Focus: Sodium-ion batteries offer a more environmentally friendly profile, using widely available and less toxic materials.

• Performance Parity: Rapid R&D is closing the performance gap with lithium-ion, especially in energy density and cycle life for specific applications.

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The companies profiled above are not just manufacturing battery cells; they are actively constructing the foundation for a more resilient, affordable, and sustainable global energy ecosystem. The race is on to power the future, and sodium is claiming its place on the podium.

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