In the context of the rapid development of the global new energy vehicle industry, battery technology has become a key factor in promoting industrial progress. As an important participant in new energy vehicles and battery technology, BYD has recently made another step forward in the field of sodium-ion batteries by investing with Huaihai Holding Group to set up a new company focusing on sodium-ion batteries--Huaihai Fudi Sodium Battery Technology (Xuzhou) Co. marking a solid step in the industrialization of sodium-ion batteries.
The newly established Huaihai Fudi Sodium Battery Technology (Xuzhou) Co., Ltd. has a registered capital of up to 500 million RMB, and the total investment of the project has reached 10 billion RMB. This huge investment not only demonstrates BYD's confidence in sodium ion battery technology, but also reflects its determination and vision in the field of new energy battery technology. The main task of the new company is to produce sodium-ion battery cells and PACK and other related ancillary products, is expected to reach an annual capacity of 30GWh, is expected to become the world's largest micro-vehicle sodium electric system supporting base.
As a new type of battery technology, sodium-ion battery is regarded as a powerful supplement to lithium-ion battery due to its low cost, abundant resources and high safety. In the field of new energy vehicles and energy storage, the application prospect of sodium-ion battery is widely favored. BYD's in-depth R&D and industrialization layout of sodium-ion battery technology is expected to promote the application of this technology in a wider range of fields.
With the active promotion of BYD and other enterprises, the industrialization of sodium-ion batteries is accelerating. According to industry data, the market size of China's two-wheeled vehicle power exchange industry grew by 86.4% year-on-year in 2023, and is expected to reach 16.2 billion yuan by 2025, with huge market potential. Sodium-ion batteries are expected to realize a breakthrough in the two-wheeled power exchange market with their advantages in safety performance, fast charging performance, and high and low temperature performance.
BYD has made a series of technological breakthroughs in the continuous research and development of sodium-ion battery technology. The company has made significant progress in material cost control, energy density enhancement and cycle performance improvement of sodium-ion batteries. BYD's sodium battery products have passed safety tests such as short-circuit, overcharge, impact, and pinprick, and have excellent storage performance in high-temperature scenarios, as well as better multiplier performance at room temperature and low temperature.
With the continuous maturity of the technology and the gradual development of the market, sodium-ion batteries are expected to achieve larger-scale industrialized applications in the next few years. BYD accelerated the industrialization of sodium-ion battery technology by establishing a new company, laying a solid foundation for the wide application of sodium-ion batteries in the fields of new energy vehicles, energy storage and two-wheeled power exchange. In the future, sodium-ion batteries are expected to become an important force in the field of new energy technology and make greater contributions to the global energy transition and the development of new energy automobile industry.
