Sheffield-based Faradion has developed a sodium-ion battery that looks and performs in the same way as a regular lithium-ion battery but is 30% cheaper.
Chris Wright, the chairman of Faradion, with the sodium-ion electric car battery developed by the company. Photograph: Adrian Sherratt
There was a surge in the sale of electric cars last year but the number leaving the forecourts is still dwarfed by traditional gas-guzzlers at a ratio of almost 50 to one. The high cost of the batteries that power the vehicles is a prime reason.
Sheffield-based Faradion believes it has found a solution – new battery technology, the development of which has been spearheaded in the UK.
“For an electric car, the cost of a battery is crudely the same as the cost of the rest. That is quite the wrong proportion for it to take off. So people are desperate to find ways to supply cheaper batteries,” Faradion chairman, Chris Wright, said. » Read the rest of this entry «