Two-wheeler battery swapping – the competitive application market for sodium batteries
Into 2023, sodium battery applications continue to come new progress, such as two wheeler electric bike field, Huana xinneng completed the order of 100 sets of sodium battery packs for electric two-wheeled vehicles delivered to Kedar New Energy; In the four-wheeled vehicle sector, two models equipped with sodium-ion batteries under Chery and JMC (Jiangling Motors) were selected in the 372 batch of new vehicle announcements.
HiNa BATTERY joint JMC Group launched the sodium ion battery equipped SiHao EX10 flower fairy A00-class new energy passenger car; energy storage field, BYD, Great Power, LI-FUN ENERGY and other enterprises supporting the sodium battery demonstration project landing ……
However, the above three major application areas in a short period of time is difficult to large-scale volume, instead of two-wheeled vehicles in the field of battery swapping station solution, or will be the most competitive application of sodium battery market.
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Two-wheeler battery swapping market reaches tens of billions
In recent years, China’s express delivery industry, the rapid development of the takeaway industry, the demand for two-wheeled electric vehicles is huge, and with the matching battery swap industry has also risen, and by the impact of favorable policies, the industry continues to grow steadily. Data show that in 2021, China’s two-wheeled vehicle battery swapping market demand for battery swapping cabinet is 540,000, battery swapping market size of about 18.06 billion RMB.
With the growth of battery swap user groups and battery swapping penetration rate increase, electric two-wheeled vehicle battery swapping market battery swapping cabinet laying demand for synchronized growth, it is expected that, in 2023, two-wheeled battery swapping cabinet demand as high as about 2.63 million units, to 2025, this data will increase to 8.7 million units.
At the same time, the personage believes that in the “new national standard” unified standard background, two battery swap service market development space is huge, the market volume can reach tens of billions of level.
Currently, the first tier operators in the two-wheeler battery swapping field include TOWER ENERGY, Zhizu Swap, Yugu Technology, e SWAP, DUDU SWAP, TYCORUN, etc. By the end of 2022, TOWER ENERGY operated 50,000 units of battery swapping cabinets, with 900,000 users on the network. By the end of 2022, TOWER ENERGY operated 57,000 units of battery swapping cabinets, with 902,000 users on the network, and realized revenue of RMB1.8 billion in 2022 from battery swapping business.
By the end of 2022, Yugu Technology will operate 20,500 battery swapping cabinets and have 291,700 users on the network. Yugu Technology submitted a prospectus to the Shenzhen Stock Exchange on June 19th, and intends to list on the Shenzhen GEM.
DUDU SWAP also completed a 50 million A round of financing in August this year, with new investors including XINGHENG POWER, a leading brand of power batteries for two-wheeled electric vehicles.
Sodium batteries to be mass-produced first in the battery swapping market
At present, the two-wheeled vehicle replacement battery is basically a lithium battery, but from the product performance point of view, the sodium battery is more competitive.
First, good safety performance: compared with lithium batteries, sodium batteries produce low probability of dendrites, will not cause spontaneous combustion due to short-circuit piercing the internal structure of the battery, sodium batteries in the overcharging, over-discharging, short-circuiting, pinprick, extrusion and other tests can be done without fire, without explosion.
Second, fast charging: compared with lithium batteries, sodium batteries have better fast charging performance, generally speaking, lithium iron phosphate batteries need 20-30 minutes to charge to 80%, sodium batteries are expected to shorten the time by about 40%. Shorten the charging time consumed, can improve the battery turnover rate and the daily service capacity of the power swap station, thereby shortening the payback period of the manufacturer.
Third, high and low temperature performance is excellent: sodium battery operating temperature range of -40C-80 ℃, high and low temperature environment, the battery still has a good capacity retention rate, capacity retention rate in cold environments can still be close to 80%, and lithium batteries in 0 degrees below the charge and discharge is only the usual 50% -60%, so in the cold places, sodium batteries have more advantages.
For sodium battery enterprises, compared with the two-wheeled vehicle field, the two-wheeled vehicle battery swap market is expected to take the lead in volume. On the one hand, the two-wheeled vehicle battery swapping market validation cycle is short, the enterprise entry threshold is relatively low; on the other hand, the two-wheeled vehicle battery swapping field standardization degree is relatively high, while the C-end two-wheeled vehicle field product model is more complex, sodium battery import difficulty is greater;
More importantly, the field of two-wheeled vehicles mainly lead-acid batteries, sodium battery prices in the short term is difficult to match, and two-wheeled vehicles in the field of lithium batteries, when the sodium battery prices down to the basic level with the price of lithium iron phosphate batteries, the competitiveness of sodium batteries will be highlighted.
Data show that in 2020-2022, the battery swapping station cost of swappable battery is around 0.5/0.5/0.7RMB/Wh respectively, and the current price is around 0.6RMB/Wh, while the current price of sodium battery is around 0.5-0.7RMB/Wh, and it is expected that the price will be further reduced next year.
Several sodium battery manufacturers rush to layout
It is understood that at present, there are already a number of two-wheeled vehicle battery swap enterprises, including CHINA TOWER, DUDU SWAP, Chunteng MOSS, Hetun SWAP, etc., in the field of sodium battery layout; including DFD, XINGHENG POWER, ZhongNa Energy, MoNa Technology, and other sodium battery manufacturers.
On August 18th of this year, MoNa Technology also signed a cooperation agreement with Shenzhen Chunteng Moss around the application of sodium-ion batteries in the field of two-wheeled vehicle battery swapping, and at the same time, MoNa’s team delivered the first batch of 48V20Ah two-wheeled vehicle special-purpose battery packs equipped with sodium-ion batteries to Chunteng Moss, which were put into the use of the first batch of users.
DFD has won the bid for CHINA TOWER’s key materials and technology development project for 48V sodium-ion battery cells for battery swapping in 2023. The procurement mainly includes the design and production of core cathode materials for sodium-ion battery cells;
R&D and preparation of commercialized battery cells; preliminary development of supporting BMS and battery pack products; battery performance testing and piloting, etc. The project is scheduled to start immediately after the deal is finalized, with the start of prototype delivery and pilot validation no later than the end of October 2023, and the project will be completed by the end of November 2023 for closure.
DUDU SWAPCEO Liao Zhicheng said, although the current DUDU SWAP platform use lithium batteries, but the sodium battery has been the future trend. Currently XINGHENG POWER launched the super sodium F1 has been directed to solve the battery service life, charging efficiency, range, power display, use of safety, cost-effective and other key concerns of users, the future relying on Xingheng’s industry-leading sodium technology, DUDU SWAP will be sodium instead of lithium, to cater to the trend of the development of the battery industry, and to add more choices for the users of green travel.
On October 18th, Zhu Chen, Vice Chairman of ZhongNa Energy, visited Fuzhou Zuohai Hetun New Energy Technology Co., Ltd. and in the future, Hetun SWAP will focus on the layout of two-wheeled vehicle sodium battery swapping.
At present, ZhongNa Energy has set up a fully automatic production line in Yangzhou with an annual capacity of 1GWh full lug large cylindrical cells and 5GWh battery module PACK, which can provide cylindrical 32140, 4695 LiFePO4 and sodium-ion cells with the advantages of ultra-fast charging, high rate of discharge, superior low-temperature performance, and long lifespan.
The Shanghai University team has successfully developed the 4680 all-ear sodium-ion cylindrical battery. The product is based on all-pole core and steel shell encapsulation system, with a cycle life of more than 3,000 times, providing an ultra-long lifespan; It has excellent low-temperature discharge performance in -40℃ low-temperature environment, excellent multiplier performance and reduced temperature rise, and can be fully charged with 90% of the battery capacity in 10 minutes.
Meanwhile, for the application of this battery in the market of two-wheeled vehicle and three-wheeled vehicle battery swa application, we have developed a sodium-ion battery management system, which can accurately predict the working conditions of sodium power by constructing a chemical property model and complex algorithms to establish a theoretical support for the application of sodium power in the field of battery swapping, and to improve the predictability through a high-precision calibration model.
In the future, with the maturity of sodium battery products and lower prices, sodium batteries will have a bright application prospect in the field of two-wheeled power swap.
Lucky
Hi, I am Lucky, graduated from a well-known university in China, now mainly engaged in article editing on lithium motorcycle batteries, and the battery swapping station, I am committed to offering services and solutions about battery swap station for various industries.
Two-wheeler battery swapping – the competitive application market for sodium batteries
Into 2023, sodium battery applications continue to come new progress, such as two wheeler electric bike field, Huana xinneng completed the order of 100 sets of sodium battery packs for electric two-wheeled vehicles delivered to Kedar New Energy; In the four-wheeled vehicle sector, two models equipped with sodium-ion batteries under Chery and JMC (Jiangling Motors) were selected in the 372 batch of new vehicle announcements.
HiNa BATTERY joint JMC Group launched the sodium ion battery equipped SiHao EX10 flower fairy A00-class new energy passenger car; energy storage field, BYD, Great Power, LI-FUN ENERGY and other enterprises supporting the sodium battery demonstration project landing ……
However, the above three major application areas in a short period of time is difficult to large-scale volume, instead of two-wheeled vehicles in the field of battery swapping station solution, or will be the most competitive application of sodium battery market.
Two-wheeler battery swapping market reaches tens of billions
In recent years, China’s express delivery industry, the rapid development of the takeaway industry, the demand for two-wheeled electric vehicles is huge, and with the matching battery swap industry has also risen, and by the impact of favorable policies, the industry continues to grow steadily. Data show that in 2021, China’s two-wheeled vehicle battery swapping market demand for battery swapping cabinet is 540,000, battery swapping market size of about 18.06 billion RMB.
With the growth of battery swap user groups and battery swapping penetration rate increase, electric two-wheeled vehicle battery swapping market battery swapping cabinet laying demand for synchronized growth, it is expected that, in 2023, two-wheeled battery swapping cabinet demand as high as about 2.63 million units, to 2025, this data will increase to 8.7 million units.
At the same time, the personage believes that in the “new national standard” unified standard background, two battery swap service market development space is huge, the market volume can reach tens of billions of level.
Currently, the first tier operators in the two-wheeler battery swapping field include TOWER ENERGY, Zhizu Swap, Yugu Technology, e SWAP, DUDU SWAP, TYCORUN, etc. By the end of 2022, TOWER ENERGY operated 50,000 units of battery swapping cabinets, with 900,000 users on the network. By the end of 2022, TOWER ENERGY operated 57,000 units of battery swapping cabinets, with 902,000 users on the network, and realized revenue of RMB1.8 billion in 2022 from battery swapping business.
By the end of 2022, Yugu Technology will operate 20,500 battery swapping cabinets and have 291,700 users on the network. Yugu Technology submitted a prospectus to the Shenzhen Stock Exchange on June 19th, and intends to list on the Shenzhen GEM.
DUDU SWAP also completed a 50 million A round of financing in August this year, with new investors including XINGHENG POWER, a leading brand of power batteries for two-wheeled electric vehicles.
Sodium batteries to be mass-produced first in the battery swapping market
At present, the two-wheeled vehicle replacement battery is basically a lithium battery, but from the product performance point of view, the sodium battery is more competitive.
First, good safety performance: compared with lithium batteries, sodium batteries produce low probability of dendrites, will not cause spontaneous combustion due to short-circuit piercing the internal structure of the battery, sodium batteries in the overcharging, over-discharging, short-circuiting, pinprick, extrusion and other tests can be done without fire, without explosion.
Second, fast charging: compared with lithium batteries, sodium batteries have better fast charging performance, generally speaking, lithium iron phosphate batteries need 20-30 minutes to charge to 80%, sodium batteries are expected to shorten the time by about 40%. Shorten the charging time consumed, can improve the battery turnover rate and the daily service capacity of the power swap station, thereby shortening the payback period of the manufacturer.
Third, high and low temperature performance is excellent: sodium battery operating temperature range of -40C-80 ℃, high and low temperature environment, the battery still has a good capacity retention rate, capacity retention rate in cold environments can still be close to 80%, and lithium batteries in 0 degrees below the charge and discharge is only the usual 50% -60%, so in the cold places, sodium batteries have more advantages.
For sodium battery enterprises, compared with the two-wheeled vehicle field, the two-wheeled vehicle battery swap market is expected to take the lead in volume. On the one hand, the two-wheeled vehicle battery swapping market validation cycle is short, the enterprise entry threshold is relatively low; on the other hand, the two-wheeled vehicle battery swapping field standardization degree is relatively high, while the C-end two-wheeled vehicle field product model is more complex, sodium battery import difficulty is greater;
More importantly, the field of two-wheeled vehicles mainly lead-acid batteries, sodium battery prices in the short term is difficult to match, and two-wheeled vehicles in the field of lithium batteries, when the sodium battery prices down to the basic level with the price of lithium iron phosphate batteries, the competitiveness of sodium batteries will be highlighted.
Data show that in 2020-2022, the battery swapping station cost of swappable battery is around 0.5/0.5/0.7RMB/Wh respectively, and the current price is around 0.6RMB/Wh, while the current price of sodium battery is around 0.5-0.7RMB/Wh, and it is expected that the price will be further reduced next year.
Several sodium battery manufacturers rush to layout
It is understood that at present, there are already a number of two-wheeled vehicle battery swap enterprises, including CHINA TOWER, DUDU SWAP, Chunteng MOSS, Hetun SWAP, etc., in the field of sodium battery layout; including DFD, XINGHENG POWER, ZhongNa Energy, MoNa Technology, and other sodium battery manufacturers.
On August 18th of this year, MoNa Technology also signed a cooperation agreement with Shenzhen Chunteng Moss around the application of sodium-ion batteries in the field of two-wheeled vehicle battery swapping, and at the same time, MoNa’s team delivered the first batch of 48V20Ah two-wheeled vehicle special-purpose battery packs equipped with sodium-ion batteries to Chunteng Moss, which were put into the use of the first batch of users.
DFD has won the bid for CHINA TOWER’s key materials and technology development project for 48V sodium-ion battery cells for battery swapping in 2023. The procurement mainly includes the design and production of core cathode materials for sodium-ion battery cells;
R&D and preparation of commercialized battery cells; preliminary development of supporting BMS and battery pack products; battery performance testing and piloting, etc. The project is scheduled to start immediately after the deal is finalized, with the start of prototype delivery and pilot validation no later than the end of October 2023, and the project will be completed by the end of November 2023 for closure.
DUDU SWAPCEO Liao Zhicheng said, although the current DUDU SWAP platform use lithium batteries, but the sodium battery has been the future trend. Currently XINGHENG POWER launched the super sodium F1 has been directed to solve the battery service life, charging efficiency, range, power display, use of safety, cost-effective and other key concerns of users, the future relying on Xingheng’s industry-leading sodium technology, DUDU SWAP will be sodium instead of lithium, to cater to the trend of the development of the battery industry, and to add more choices for the users of green travel.
On October 18th, Zhu Chen, Vice Chairman of ZhongNa Energy, visited Fuzhou Zuohai Hetun New Energy Technology Co., Ltd. and in the future, Hetun SWAP will focus on the layout of two-wheeled vehicle sodium battery swapping.
At present, ZhongNa Energy has set up a fully automatic production line in Yangzhou with an annual capacity of 1GWh full lug large cylindrical cells and 5GWh battery module PACK, which can provide cylindrical 32140, 4695 LiFePO4 and sodium-ion cells with the advantages of ultra-fast charging, high rate of discharge, superior low-temperature performance, and long lifespan.
The Shanghai University team has successfully developed the 4680 all-ear sodium-ion cylindrical battery. The product is based on all-pole core and steel shell encapsulation system, with a cycle life of more than 3,000 times, providing an ultra-long lifespan; It has excellent low-temperature discharge performance in -40℃ low-temperature environment, excellent multiplier performance and reduced temperature rise, and can be fully charged with 90% of the battery capacity in 10 minutes.
Meanwhile, for the application of this battery in the market of two-wheeled vehicle and three-wheeled vehicle battery swa application, we have developed a sodium-ion battery management system, which can accurately predict the working conditions of sodium power by constructing a chemical property model and complex algorithms to establish a theoretical support for the application of sodium power in the field of battery swapping, and to improve the predictability through a high-precision calibration model.
In the future, with the maturity of sodium battery products and lower prices, sodium batteries will have a bright application prospect in the field of two-wheeled power swap.