Sodium-ion batteries approach cost parity with LFP, with 70 GWh covered by supply agreements

According to Wood Mackenzie, sodium-ion batteries are approaching cell-level cost parity with LFP technology, with worldwide supply agreements exceeding 70 GWh. Despite higher upfront costs, the analysis suggests they could offer a 21% lower total cost of ownership over 20 years, though this remains an estimate from the research firm.

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