Farasis Energy's sodium battery products have been installed on vehicles, but lithium carbonate prices have not been considered for large-scale use

Farasis Energy recently stated in an institutional survey that the company's sodium battery products have been installed on vehicles by the end of 2023, but due to the current low price of lithium carbonate, large-scale installation and application has not yet been carried out. It is expected that the second-generation sodium battery products will be launched in 2024, and the performance will be further improved, and the cost is expected to be on par with low-priced lithium carbonate. Large-scale installation and application will depend on the price of raw materials, but the company already has relevant technical reserves.