10.4 GWh of sodium ion capacity shold be installed by the end of 2023 (per Benchmark Materials). Benchmark forecasts a utilization rate of just 24%, representative of 2.5 GWh of production. It is mainly Tier 1 battery makers like CATL, BYD, Farasi. In 2024, there is an additional 63 GWh of capacity set to be …
