JMEV's EV plant in Nanchang, Jiangxi Province has rolled out the world's first electric vehicle (EV) powered by Farasis Energy's sodium-ion batteries. With the introduction of sodium-ion batteries, China's electric vehicle (EV) sector enters a new phase marking a significant shift in battery technology.

The JMEV EV3 (Youth Edition) sets a new standard as the world's first A00-class EV equipped with the new batteries. Offering a range of 251km, this model caters to the needs of younger drivers, encompassing daily commuting and city-wide travel.

Farasis Energy's sodium-ion battery makes use of layered oxides and hard carbon, demonstrating impressive benchmarks in the EV battery space:

· Energy density: 140 to 160Wh/kg;

· Safety: The battery cells have undergone extensive testing, successfully passing multiple tests including pinprick, overcharging, over-discharging, extrusion, and soaking. The battery pack complies with the no thermal runaway (NO TP) standard;

· Low-temperature performance: The battery maintains over 91% discharge capacity retention at -20°C (-4°F);

· Cycle life: The extended lifespan satisfies the needs of electric passenger vehicles and two-wheelers;

· Chemical materials: Beyond layered oxides, Farasis Energy is also advancing in the development of other premium materials, such as Prussian blue analogues and polyanionic compounds.

Farasis Energy is gearing up for the launch of its second-generation sodium-ion batteries in 2024. These are projected to have an energy density of 160-180Wh/kg, with plans to ramp up to 180-200Wh/kg in 2026.

As mass production of sodium-ion batteries commences, Farasis Energy is strategically poised to diversify its product portfolio, catering to various market needs. With excellent low-temperature performance, sodium-ion batteries effectively address the low range challenge faced by EVs in colder climates.

In addition, the safety and affordability ensure the provision of options applicable to a broader spectrum of scenarios while enhancing the user experience. These features make the innovative battery solution a key supplement to lithium battery systems within a number of cost-sensitive and safety-critical areas, including residential, industrial and commercial energy storage.