Morgan Stanley Says Sodium-Ion Batteries Could Spark 'New Oil Age'

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Morgan Stanley forecasts sodium-ion batteries will account for 20% of the global battery deployment market by 2030 and 37% by 2035, up from a projected 2% next year, according to a client note reported by CNBC. Analyst Jack Lu characterizes the emerging sodium-ion battery era as the 'New Oil Age,' with the market expected to reach 830 GWh by 2030 and 2.4 TWh by 2035, driven by costs 30%–40% lower than lithium iron phosphate batteries and better cold-weather performance. Lu anticipates nearly $800 billion in new investments by 2035, stating that in an AI-driven, power-intensive world, sodium-ion batteries address the critical bottleneck where energy security meets AI. Another Morgan Stanley analyst, Andrew Percoco, notes that General Motors has an early foothold in the U.S. market through its partnership with Peak Energy to develop next-generation sodium-ion batteries, with GM expecting grid-scale energy storage deployments after 2028 and plans to use the technology in defense and mobility applications. The note follows BYD's unveiling of sodium-ion batteries earlier this year with a lifespan of 10,000 cycles, significantly higher than the current 1,500 to 3,000 cycles.

Impact on stocks 4

Electrification & Mobility▲ · 1 stocks
General Motors Company
GM
▲ PositiveTechnologyrelevance

GM has early foothold through Peak Energy partnership for sodium-ion batteries

Consumer Discretionary▲ · 1 stocks
Financials▲ · 1 stocks
Others▲ · 1 stocks
BYD Co Ltd Class A
002594
▲ PositiveTechnologyrelevance

BYD unveiled sodium-ion batteries with 10,000 cycle lifespan, a significant improvement

Theme Impact 5

Off-coverage companies 1

Peak EnergyPrivate▲ Positive
Demandrelevance

Peak Energy is GM's partner for sodium-ion batteries, expected to see grid-scale deployments after 2028

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