Two giants make big moves! Sodium batteries accelerate "getting on board" Multiple concept stocks receive concentrated research from institutions

“Ning Wang” teams up with Changan Automobile to jointly promote the accelerated large-scale application of sodium batteries.

World’s First Mass-Produced Sodium-Powered Passenger Vehicle Debuts

On February 5th, Changan Automobile held a press conference in collaboration with CATL, announcing Changan’s global sodium battery strategy. The world’s first mass-produced sodium-powered passenger vehicle was also officially unveiled, with an expected launch in the middle of the year.

According to reports, this Changan vehicle equipped with CATL’s “NaNew” battery can deliver nearly three times the discharge power compared to conventional lithium iron phosphate models of the same capacity under -30℃ conditions. Its capacity retention rate exceeds 90% in extreme cold at -40℃, and it can still discharge stably even at -50℃.

When fully charged, even after extreme abuse scenarios such as multi-faceted compression, drill penetration, and overall cutting, the “NaNew” battery remains smoke-free, odorless, non-flammable, and non-explosive. It can even continue to discharge normally after being cut in half.

Changan Automotive stated that its brands, including Aeva, DeepBlue, Qiyuan, and Gravity, will all adopt CATL’s “NaNew” batteries in the future.

CATL CTO Gao Huan said that the company’s “NaNew” batteries could see pure electric range upgrades to 500km or even 600km, with hybrid range surpassing 300km or even 400km, covering over 50% of the range needs in the new energy vehicle market.

Notably, at the supplier conference in December last year, CATL announced plans to large-scale apply sodium batteries in four major fields: battery swapping, passenger vehicles, commercial vehicles, and energy storage. On January 22nd of this year, the Tianxing II light commercial vehicle (light-duty commercial vehicle) plan and related mass-produced sodium-ion battery products were officially launched.

Expected to Enter the Era of Large-Scale Application

Sodium batteries are secondary batteries that use sodium ions (Na+) as charge carriers to complete charge and discharge processes. As an important supplement to lithium batteries, sodium batteries have a similar structural composition, mainly including cathode materials, anode materials, electrolytes, separators, and current collectors.

(Source: Dongguan Securities Research Report)

Compared to lithium batteries, sodium batteries offer advantages such as abundant resources, low extraction costs, a wide temperature range for use, fast charging and high rate capability, and relatively lower risk of thermal runaway.

ICC Xinluo data shows that by 2025, China’s sodium-ion battery production will reach 3.45 GWh, a year-on-year increase of 96%. In 2025, China’s total sodium cathode anode production will be 11,000 tons, up 101% year-on-year, and by 2026, sodium cathode anode production capacity is expected to surpass 120,000 tons.

Globally, according to Qidian Research Institute data, the global sodium battery shipments will reach 9 GWh in 2025, a 150% increase year-on-year. By 2030, the global energy storage sodium battery market will reach 580 GWh, and the market for sodium batteries in vehicles will surpass 410 GWh.

First Venture believes that with the explosive growth of new energy storage, sodium batteries, characterized by high safety, long lifespan, and strong environmental adaptability, will see significant sales growth in the short to medium term. In the long term, as the price advantage of sodium batteries further strengthens, making them comparable to or even cheaper than lithium iron phosphate batteries, the industry’s prosperity is expected to remain high over the long term.

“Sodium batteries have the potential for economic viability and supply chain security in the medium to long term. By 2026, they are expected to enter the era of large-scale application, with promising industry expansion prospects.”

Dongguan Securities’ latest research report states that companies strategically involved in core links of the sodium battery industry chain are expected to be the first to share in the industry’s growth dividends. It recommends paying attention to battery manufacturers leading in industry progress and their key material suppliers.

Institutions Conduct Multiple Concept Stock Surveys

Data from Eastmoney Choice shows that among 63 sodium-ion battery concept stocks, over 60% have seen their stock prices rise this year. Kexiang Co., Ltd. and Baichuan Co., Ltd. lead with increases of 46.97% and 41.28%, respectively. Colorful Chemical’s stock rose over 30%, and Doushi Technology’s range increased by 27.26%.

From a performance perspective, 48 sodium battery concept stocks disclosed their 2025 performance forecasts. Among them, 13 stocks including Shanghai Xiba, GEM, Doushi Technology, Tianci Materials, and Batian Co., Ltd. are expected to see net profit increases. Multi-Poly, Tianji Shares, and Tianyong Intelligent turned losses into profits, while China Great Wall, Kexiang Co., Ltd., and Wanrun New Energy showed signs of improvement.

In terms of institutional attention, over the past three months, 17 sodium battery concept stocks received visits from institutions. Rongbai Technology, Prite, and Bozhong Precision each attracted over 100 institutions for research. Zhongwei New Materials and Wanrun New Energy were visited by 68 and 64 institutions, respectively. Yunnan Energy Investment and Kexiang Co., Ltd. also received attention from more than 40 institutions.

Rongbai Technology’s polymer anion products lead in key indicators such as cycle life, packing density, and energy density, and have established a 6,000-ton pilot line. In November last year, the company signed a cooperation agreement with CATL, becoming its first supplier of sodium battery cathode materials, with a commitment to purchase no less than 60% of total procurement annually.

Dongwu Securities expects that by 2026, Rongbai Technology’s sodium battery materials could reach a shipment scale of 10,000 tons, turning losses into profits, with significant profit elasticity for sodium battery products in the long term.

Prite, a month ago during institutional research, stated that the company’s sodium-ion batteries have achieved mass shipment and are industry-leading in sales. The company’s sodium batteries, orders, technology, and market development are all among the top in the industry. “New capacity will gradually come online in the third quarter of this year. As additional capacity is released, the company will accelerate delivery of sodium-ion battery customer orders and lay a foundation for rapid development of its sodium-ion batteries.”

“By 2025, the company has successfully secured orders and shipments of sodium battery materials in the thousands of tons.” Zhongwei New Materials revealed during an institutional exchange last Thursday that, by 2026, with further acceleration of industrialization, the company’s sodium battery material shipments are expected to increase significantly.

(Source: Eastmoney Research Center)