New Delhi : Faradion Ltd, world leader in sodium-ion battery technology, has announced its first order from ICM Australia.
Sodium-ion batteries, owing to its exceptional superiority over lithium-ion batteries, are likely to revolutionise the automobile/mobility, storage and mobile sectors across the world.
Faradion’s sodium-ion technology provides similar performance to conventional chemistries, while replacing expensive materials such as cobalt and lithium with the far more abundant sodium.
Unlike lithium-ion batteries, Faradion’s sodium-ion batteries have exceptional thermal stability and safety. Further they can be safely transported and maintained at zero volts.
India is one of the largest markets for mobile devices across the world. Recently the country has also demonstrated significant progress in the adoption of EV (Electric Vehicle) technology, making it a priority market for Faradion.
Further, as the world seeks out alternatives to China-dependent lithium-ion batteries, Faradion’s sodium-ion based technology offers a promising solution.
In line with this, Faradion is actively exploring manufacturing presence in India for its sodium-ion batteries for diversified applications.
Having seen significant interest in regions such as the US, Europe and India due to its performance, safety and price point, James Quinn, CEO of Faradion said that Australasia is the next logical region for Faradion given the market conditions.
