Sodium-ion Battery Companies

The global sodium-ion battery market is projected to grow from USD 0.67 billion in 2025 to USD 2.01 billion by 2030, at a CAGR of 24.7% during the forecast period. The sodium-ion battery market is experiencing significant growth, driven by the rising demand for energy storage solutions, particularly in renewable energy systems and electric vehicles, wherein sodium-ion batteries offer a viable alternative. Cost-effectiveness is another crucial factor, as these batteries are considered more economical than their lithium-ion counterparts. Moreover, sodium-ion batteries are gaining traction due to their environmentally friendly nature, using materials that are more abundant and less harmful than those in lithium-ion batteries. These factors further drive the growth of the sodium-ion battery market.

Sodium-ion Battery Companies

Companies such as Faradion (UK), Contemporary Amperex Technology Co., Ltd. (China), TIAMAT Energy (France), HiNa Battery Technology Co., Ltd. (China), and Jiangsu Zoolnasm Energy Technology Co Ltd. (China) fall under the winners’ category. These are leading players in the sodium-ion battery market globally. They have adopted the partnerships, acquisitions, expansions, and investments strategies to increase their market shares.

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Faradion (UK)

Faradion is a subsidiary of Indian Reliance Industries and leads in the sodium-ion battery technology as the world's first company manufacturing non-aqueous sodium-ion batteries. Its innovative solutions offer advantages over traditional lithium-ion and lead-acid batteries, delivering high performance at lower costs with enhanced safety features and a wider operating temperature range. Faradion's sodium-ion batteries can be cycled to and stored at zero volts, ensuring safer cells and reduced costs. With impressive energy density, power capability, cycle life, and energy efficiency, these batteries find applications in energy storage, transportation, backup power, and remote energy needs. Reliance has acquired 100% stake in Faradion. It has a global presence across Europe, North America, South America, and Africa.

Contemporary Amperex Technology Co., Ltd. (China)

Contemporary Amperex Technology Co., Ltd. (CATL) specializes in the manufacture of sodium-ion batteries. CATL is a global leader in new energy technologies, specializing in EV and energy storage batteries. With a focus on replacing fossil fuels, CATL promotes the adoption of clean energy and electrification intelligence. Offering high energy density, long life cycles, and safety features, CATL's EV batteries are customizable to meet diverse customer needs. Its energy storage batteries support the integration of renewable energy and various applications. Through battery material recycling, CATL ensures resource sustainability. The company has also released its first-generation sodium-ion battery. Currently it has a target of a 20 GWh production capacity by 2030. The company operates five sodium-ion battery research & development centers, four in China and one in Europe. The company also operates 13 production bases with a presence across the Asia Pacific, Europe, and North America.

TIAMAT Energy (France)

TIAMAT Energy provides pioneering inventive solutions for energy storage needs. Focused on design, development, and production, TIAMAT specializes in leveraging the Na-ion technology within its 18650 cells, offering exceptional attributes for power demands, rapid charging, and prolonged cycle longevity. TIAMAT Energy focuses on designing, developing, and manufacturing sodium-ion batteries for mobility and stationary energy storage. They emphasize the stability, simplicity, safety, speed, and performance of their battery technology. Its features include fast charging in 5 minutes, high power density ranging from 2-5kW/kg, a long lifetime of 5,000+ cycles up to 80% of capacity, and a high level of safety. TIAMAT Energy's product portfolio includes innovative solutions for energy storage applications, focusing on the sodium-ion battery technology. At the end of 2023, TIAMAT Energy initiated its first 6 GWh-scale sodium-ion battery production line, and an additional 6 GWh is expected by 2030. The company has a presence only across Europe.

Hina Battery Technology Co., Ltd. (China)

HiNa Battery Technology Co., Ltd. is a pioneering manufacturing company dedicated to the advancement and production of sodium-ion batteries. With a specialized focus on sodium-ion technology, HiNa Battery is at the forefront of innovation in the energy storage industry. It operates through three business segments, namely, Energy Storage Systems, Research & Development, and Market Focus. The Energy Storage Systems segment manufactures a new generation of energy storage systems, particularly sodium-ion batteries. It serves various industries, including chemical and automotive.

At the end of 2022, HiNa Battery initiated its first GWh-scale sodium-ion battery production line in Fuyang, Anhui province, China. The production line is part of a 5 GWh project and is being built in two phases, with the first phase having a capacity of 1 GWh. The company has a presence across only Asia Pacific.

Jiangsu Zoolnasm Energy Technology Co., Ltd (China)

Jiangsu Zoolnasm Energy Technology Co Ltd. focuses on the development and production of sodium-ion batteries. Founded in January 2021 and located in Suzhou, Jiangsu province in China, the company is at the forefront of the sodium-ion battery technology. Zoolnasm's sodium-ion battery manufacturing base project in Guangde, Anhui province, marks an important milestone for the industry, being the world's first mass production base for polyanionic sodium iron sulfate sodium-ion batteries.

Zoolnasm has secured significant funding to expand its research & development capabilities, with strategic partnerships for product delivery. The company's focus on low-cost energy storage solutions positions it as a key player in the evolving battery market landscape, offering alternatives to traditional lithium-ion batteries. The planned annual capacity of Zoolnasm's manufacturing facility includes 20 GWh of sodium-ion battery cells and 10 GWh of sodium-ion battery systems. It has a presence across the Asia Pacific.

Market Ranking

The sodium-ion battery market is emerging as a competitive alternative to the lithium-ion technology, with five main players collectively holding 60–70% of the total market share. Faradion, a UK-based pioneer, stands out for its advancements in safe, low-cost sodium-ion chemistry, with a strong emphasis on transportation and grid storage applications. Contemporary Amperex Technology Co., Ltd. (CATL), a global leader in battery manufacturing, has recently entered the sodium-ion space with high energy density cells and a hybrid lithium-sodium battery system, leveraging its vast production capabilities and established market presence. TIAMAT Energy, based in France, focuses on fast-charging sodium-ion batteries designed for high-power applications, including power tools and urban mobility, setting itself apart with a unique electrode design. HiNa Battery Technology Co., Ltd., one of China’s sodium-ion specialists, concentrates on commercial-scale deployment with a strong R&D pipeline, particularly in stationary energy storage systems. Jiangsu Zoolnasm Energy Technology Co., Ltd. is also gaining traction, emphasizing cost-effective, large-scale production for utility-scale applications and industrial energy needs. Together, these companies represent the forefront of a growing sodium-ion ecosystem, each contributing distinct technological strengths and strategic focuses.

Related Reports:

Sodium-ion Battery Market by Battery Type (Sodium-Sulfur and Sodium-Salt), Technology Type (Aqueous and Non-aqueous), End-use (Energy Storage, Automotive, and Industrial), and Region (Asia Pacific, Europe, and North America) - Global Forecast to 2030