Coming SiB boom will be a Chinese one while the West is years behind, industry watcher tells us
The Register 1:15 pm on June 10, 2024
Analyst predicts China dominance in sodium ion battery market amid geopolitical tensions and technological race. Western countries may lag as Chinese firms lead development, according to industry expert Shazan Siddiqi.
- Market Leadership: China poised to dominate the sodium ion battery market.
- Technological Advancements: Improved product lifecycles and higher energy densities in next-gen batteries from Chinese companies.
- Western Lagging: The West may fall behind China's development, with fewer numbers of companies progressing commercially.
- Potential Applications: Sodium ion batteries expected to replace lead-acid batteries in various products and vehicle categories.
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