Sodium-ion battery industry chain sees broad improvements in June with electrolyte and cell segments leading growth
The sodium-ion battery industry chain experienced broad-based improvements in June, with the electrolyte and cell segments showing the most notable growth. The electrolyte segment relied on conversion from lithium battery production capacity, while core raw material shortages began to emerge. The cell segment recorded nearly twofold year-over-year growth, driven by dual boosts from energy storage and two-wheeler applications. The cathode and anode segments also continued to improve. The analysis points to a reshaping competitive landscape in the second half of the year.
Key quotes
The electrolyte and cell segments, which posted the most notable increases during this cycle, exhibited typical features of 'volume growth amid persistent bottlenecks'
Electrolyte capacity relied on conversion from lithium battery production, and core raw material shortages began to emerge
The cell segment recorded nearly twofold YoY growth driven by dual boosts from energy storage and two-wheelers
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