The Development of New Energy Industry under the Implementation of China’s Environmental Protection Policy -- The Forecast of Lithium Ion and Sodium Ion Battery Industry

DOI

10.2991/aebmr.k.220307.263How to use a DOI?

Keywords

Carbon peak and neutrality; Power battery industry; Lithium ion battery; Sodium ion battery

Abstract

“Carbon Peak” and “Carbon Neutral” are Long-term policies to protect the environment, low-carbon development and cope with global warming. The “double carbon” policy has spawned a trillion-dollar market for new energy vehicles. China overtook Japan in 2018 to become the world’s leading market and supplier of electric vehicles. But fierce competition and huge production demand have led to higher prices for lithium battery raw materials, yet nearly 60 percent of the world’s proven reserves of lithium are in Argentina, Chile and Bolivia, where a recent wave of overheated mining has sparked labour disputes that have led to a surge in the price of lithium raw materials. Sodium-ion batteries are essentially the same as lithium-ion batteries, but at least 30% lower in cost. This paper focuses on the future development direction of China’s new energy vehicle power battery industry. Through an extensive collection of information and price data on lithium and sodium, it is found that the continuous rise of lithium raw materials is actually a problem of price reaction to the limited and uneven distribution of raw materials used in the production of key materials for lithium-ion batteries. On the basis of summarizing the advantages of sodium ions, the paper puts forward the view that low-cost, abundant raw materials sodium ion batteries will become the main development direction of the power battery industry.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Jingxi Cai
PY  - 2022
DA  - 2022/03/26
TI  - The Development of New Energy Industry under the Implementation of China’s Environmental Protection Policy -- The Forecast of Lithium Ion and Sodium Ion Battery Industry
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1616
EP  - 1619
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.263
DO  - 10.2991/aebmr.k.220307.263
ID  - Cai2022
ER  -