Chinese Sodium-ion Battery maker Jiangsu Zoolnasm Energy Technology is making significant strides in the automotive industry. On October 30, 2024, Zoolnasm announced that it has been selected as a supplier by an international auto parts company. This collaboration marks a crucial milestone for the company.
The Importance of Sodium-Ion Batteries
Sodium-ion batteries have emerged as an innovative solution in the battery industry. They are particularly crucial for sectors looking to replace lead-acid batteries. With the global market focusing on more environmentally friendly alternatives, sodium-ion batteries are gaining traction. The program between Zoolnasm and the unnamed auto parts firm will span four years. It involves a lifecycle purchase value of approximately RMB 200 million ($28.1 million).
Investment and Growth Plans
Zoolnasm is already preparing to scale its production to meet growing demand. In 2023, the global market for batteries used in start-stop and EV assist systems was valued at around RMB 180 billion. This figure is expected to rise to RMB 202 billion by 2025. Therefore, Zoolnasm’s timely entrance into this market is strategic. Their sodium-ion batteries are expected to primarily support low-voltage battery systems instead of direct vehicle implementation, signifying a niche market focus.
Strategic Collaborations and Developments
In March 2022, Zoolnasm announced a new round of funding from Country Garden Venture Capital. This financial backing is helping Zoolnasm further its research and development. The visionary scientist, Zhao Jianqing, who leads the company’s scientific initiatives, brings over fifteen years of experience in Sodium-ion Battery technology.
The company is slated to commence volume purchases in the first half of 2025. This timeline sets Zoolnasm on a fast track to expand its influence in the industry. The company’s manufacturing base project in Guangde, Anhui province, demonstrates its commitment to growth. This facility involves a significant total planned investment of RMB 10 billion, with the potential to produce 20 GWh of Sodium-ion Battery cells and 10 GWh of Sodium-ion Battery systems annually.
Zoolnasm’s Innovative Vision
Founded in January 2021 in Suzhou, Jiangsu province, Zoolnasm has rapidly evolved in the Sodium-ion Battery sector. The company’s dedication to advancing battery technology is evident. They aim to revolutionize the low-voltage battery market, and this supply agreement signifies their growing credibility.
As of the latest developments, Zoolnasm’s products have been delivered to two car companies, highlighting its expanding client base. The company shows promise in redefining energy storage solutions for more sustainable and efficient results. With this agreement, Zoolnasm steps firmly into a future of increased environmental consciousness and technological advancement.
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