that's not saying sodium-aluminum battery is 70% less expensive than LFP. It's just cathodes. There are other materials also. Having said that, sodium battery looks like it can be 30% cheaper than even the lowest cost LFP battery (which is BYD's blade battery) based on prior CATL comments. That's quite the game changer. And just as importantly, it gets rid of the problem where we won't have enough lithium to support all the LIB that's needed for EVs. After 2025, Lithium prices are likely to come down quite a bit.
This one is important too. We are going to hit a lithium downturn at some point. The Western politicians want to talk about Lithium like it's the new oil. It really isn't. Dominating lithium doesn't allow you to dominate batteries. You need to just have the most advanced chemistry and the most efficient supply chain and lowest production cost. We are going to reach a point in the next few years where China's dominance over processed lithium/cobalt/nickel won't mean much, because there are so many other viable chemistries. China's competitive advantage in battery is the tech itself and its supply chain, not the control over mineral resources.
