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Sodium to Debut in Small Microcars First for Mobility Applications, Reports IDTechEx

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3 years ago

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CAMBRIDGE, England, Feb. 12, 2024 /PRNewswire/ —

Sodium to Debut in Small Microcars First for Mobility Applications, Reports IDTechEx

Author: Shazan Siddiqi, Senior Technology Analyst at IDTechEx

Many people were surprised when HiNa revealed their lineup of sodium-ion battery cells, as well as a prototype of an electric car, in February 2023. But it had been a long time coming. The low-cost Sehol E10X microcar uses a 25 kWh battery pack made from cylindrical sodium-ion cells from HiNa. The business commissioned its first 1 GWh/year production line in December 2022. The complex will host five such lines; another for 30 GWh/year is planned, and more batteries will be manufactured under license.

Plenty of competition, like CATL, Svolt, Farasis, Lifun, DFD, Transimage, and others are currently working on their own sodium-ion batteries to be mass-produced this year. Market analysis by IDTechEx in November 2023 suggests an anticipated growth of approximately 40 GWh of SIBs alone by 2030 at a minimum, but up to an additional 100 GWh of manufacturing capacity is projected if the market is successful by 2025. The scene is set for another upset in the battery industry in the coming years, similar to the large-scale emergence of LFP in 2020.

IDTechEx anticipates that sodium-ion batteries will first penetrate the A00 vehicle segment (small, low-speed EVs) in China as they are mostly used as urban commuters and do not require an extended range. The energy density of A00 class vehicles in production is mainly concentrated between 140 and 160 Wh/kg (pack level), and the cruising range is typically under 250 km, according to IDTechEx research. Current sodium-ion batteries can largely meet these requirements, as shown in the IDTechEx report “Sodium-ion Batteries 2024-2034: Technology, Players, Markets, and Forecasts“, which benchmarks cells from various players in the market.

Very recently, a race has emerged in China to be the first to use sodium-ion cells in high-volume electric microcars, with Farasis, HiNa, and CATL announcing plans to supply sodium-ion cells to JMEV, Sehol, and Chery for use in their A00 class models respectively. A00 electric vehicle manufacturers are highly sensitive to costs, and the application of sodium-ion batteries has certain advantages. In the long run, when sodium-ion batteries can be manufactured at scale, they are expected to have a 20-30% price advantage over Li-ion batteries.

While LFP batteries have improved since 2015, what has improved even more is the engineering of battery packs. The Sehol E10X’s battery pack is air-cooled, using racks of cylindrical cells, retaining an energy density of 120 Wh/kg on the pack level. In terms of weight, this is 96% of the 125 Wh/kg energy density of the 54 kWh LFP pack in the standard range Tesla Model 3 first announced in 2020. But in terms of volume, this air-cooled pack would not be competitive. Nor do the prismatic cells from HiNa with their volumetric energy density of 263-283 Wh/L seem to be a useful replacement for LFP cells with 380-450 Wh/L at first glance. However, the engineering of cell-to-pack (CTP) battery packs has improved immensely even in the few years since they were first talked about in 2019.

CATL announced their sodium-ion batteries in 2021 alongside a prospected integration efficiency of over 80%. Such packs make even first-generation sodium-ion batteries viable as a direct replacement for older generations of cars with LFP battery packs of the early 2020s. Even based on performance, the sodium-based battery would be preferable to cars with older LFP packs. They can fast charge from 10% to 80% within 15 to 20 minutes and only lose 10% of capacity at -20°C. Sodium-ion batteries can also be fully discharged without the risk of catastrophic battery failure upon recharge, as would be the case in lithium-ion batteries due to copper current collectors in the anode.

CATL expects to sell their batteries with Prussian blue cathodes for as little as US$30/kWh to US$45/kWh in mass production due to the lower material cost of iron-based cathode and synthesis without the need for high-temperature calcination. Cells with more advanced layered oxide cathodes are widely expected to reach 200-220 Wh/kg and between 400-500 Wh/l in the next few years before the end of the decade. This will enable EVs to reach over 500 km range without the use of lithium. This will fundamentally change the battery market. However, the energy density of high nickel NMC cathodes is 20-40% higher than any known sodium-based cathodes that might be commercialized.

But this will not make sodium-ion batteries redundant. Cost matters more than energy density. It is important to remember that to this day, there is a 400 GWh/year industry for lead-acid batteries despite their low energy density of just 35 Wh/kg. Sodium-ion batteries, based only on abundant materials like sodium, iron, manganese, carbon, aluminum, and the like, are sufficient for EVs with a practical range of around 300 km — even in their current primitive form. With no constraints on critical resources, this should help alleviate many geopolitical tensions currently building up around access to battery materials like lithium, nickel, cobalt, and graphite. The IDTechEx report “Sodium-ion Batteries 2024-2034: Technology, Players, Markets, and Forecasts” provides in-depth coverage of this emerging industry.

To find out more about this IDTechEx report, including downloadable sample pages, please visit www.IDTechEx.com/Sodium.

About IDTechEx

IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.

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press@IDTechEx.com
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Eqvista Launches Company-Sponsored Tender Offers, Expanding Private Market Liquidity Capabilities

Published

38 minutes ago

on

October 19, 2026

By

New tender offer capabilities connect equity management with real-time valuation data covering approximately 65,000 private companies with a combined estimated value of $9 trillion, laying the groundwork for future secondary marketplace capabilities.

SAN FRANCISCO, Oct. 19, 2026 /PRNewswire/ — Eqvista, a leading equity management and valuation platform serving more than 25,000 companies, today announced the launch of company-sponsored tender offer capabilities, enabling private companies to organize structured liquidity events directly within their equity management platform. The launch also marks a step toward Eqvista’s planned secondary marketplace capabilities.

As companies stay private longer, employees and early investors face limited opportunities to sell their shares. Meanwhile, organizing liquidity events involves complex decisions around pricing, participant eligibility, approvals, and ownership changes.

Eqvista brings these processes together through a company-controlled tender offer workflow, supported by its equity management infrastructure and Eqvista Real-Time Company Valuation® technology.

“With Eqvista, private companies can help their employees and early investors turn their shares into cash, rewarding them for their contributions to the company,” said Tomas Milar, Founder and CEO of Eqvista. “We already help companies manage ownership and understand their value. Bringing tender offers into the same platform is a natural next step toward connecting equity management, valuation, and liquidity.”

Company-Controlled Tender Offers

Eqvista’s new capabilities allow companies to manage tender offers while maintaining control over participation, transaction terms, and ownership changes.

Key features include:

Cap table integration: Automatically record completed ownership changes.Participant controls: Define eligible buyers and sellers and offer windows.Allocation rules: Set transaction limits, pro rata allocations, and priorities.Integrated approvals: Manage approval requirements and rights of first refusal.Valuation-informed pricing: Reference Eqvista Real-Time Company Valuation® data when evaluating transaction pricing.

By integrating these processes, Eqvista aims to reduce the administrative complexity of organizing liquidity events while helping companies maintain control over their shareholder base.

Building Toward a Secondary Marketplace

Building on its company-sponsored tender offer capabilities, Eqvista plans to expand into secondary marketplace infrastructure designed to support structured, company-approved liquidity programs. By connecting ownership records, real-time valuation data, and private share transactions within one platform, Eqvista aims to make private market liquidity more accessible while allowing companies to maintain control over participation and ownership changes. Further details will be announced as development progresses, subject to applicable regulatory requirements.

Learn more about Eqvista’s Company-Sponsored Tender Offers.

About Eqvista

Eqvista is an equity management and valuation platform building infrastructure for private markets. Trusted by more than 25,000 companies worldwide, Eqvista combines equity management, in-house valuation expertise, and AI-powered technology to help private companies manage ownership and understand their value. Eqvista Real-Time Company Valuation® technology covers approximately 65,000 U.S. private companies representing an estimated $9 trillion in combined value.

Contact Information
Jakub Vele
Head of Marketing
424978@email4pr.com
+1 (415) 375-4963

View original content to download multimedia:https://www.prnewswire.com/news-releases/eqvista-launches-company-sponsored-tender-offers-expanding-private-market-liquidity-capabilities-302911472.html

SOURCE Eqvista

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Eqvista Launches Company-Sponsored Tender Offers, Expanding Private Market Liquidity Capabilities

Published

38 minutes ago

on

October 19, 2026

By

New tender offer capabilities connect equity management with real-time valuation data covering approximately 65,000 private companies with a combined estimated value of $9 trillion, laying the groundwork for future secondary marketplace capabilities.

SAN FRANCISCO, Oct. 19, 2026 /PRNewswire/ — Eqvista, a leading equity management and valuation platform serving more than 25,000 companies, today announced the launch of company-sponsored tender offer capabilities, enabling private companies to organize structured liquidity events directly within their equity management platform. The launch also marks a step toward Eqvista’s planned secondary marketplace capabilities.

As companies stay private longer, employees and early investors face limited opportunities to sell their shares. Meanwhile, organizing liquidity events involves complex decisions around pricing, participant eligibility, approvals, and ownership changes.

Eqvista brings these processes together through a company-controlled tender offer workflow, supported by its equity management infrastructure and Eqvista Real-Time Company Valuation® technology.

“With Eqvista, private companies can help their employees and early investors turn their shares into cash, rewarding them for their contributions to the company,” said Tomas Milar, Founder and CEO of Eqvista. “We already help companies manage ownership and understand their value. Bringing tender offers into the same platform is a natural next step toward connecting equity management, valuation, and liquidity.”

Company-Controlled Tender Offers

Eqvista’s new capabilities allow companies to manage tender offers while maintaining control over participation, transaction terms, and ownership changes.

Key features include:

Cap table integration: Automatically record completed ownership changes.Participant controls: Define eligible buyers and sellers and offer windows.Allocation rules: Set transaction limits, pro rata allocations, and priorities.Integrated approvals: Manage approval requirements and rights of first refusal.Valuation-informed pricing: Reference Eqvista Real-Time Company Valuation® data when evaluating transaction pricing.

By integrating these processes, Eqvista aims to reduce the administrative complexity of organizing liquidity events while helping companies maintain control over their shareholder base.

Building Toward a Secondary Marketplace

Building on its company-sponsored tender offer capabilities, Eqvista plans to expand into secondary marketplace infrastructure designed to support structured, company-approved liquidity programs. By connecting ownership records, real-time valuation data, and private share transactions within one platform, Eqvista aims to make private market liquidity more accessible while allowing companies to maintain control over participation and ownership changes. Further details will be announced as development progresses, subject to applicable regulatory requirements.

Learn more about Eqvista’s Company-Sponsored Tender Offers.

About Eqvista

Eqvista is an equity management and valuation platform building infrastructure for private markets. Trusted by more than 25,000 companies worldwide, Eqvista combines equity management, in-house valuation expertise, and AI-powered technology to help private companies manage ownership and understand their value. Eqvista Real-Time Company Valuation® technology covers approximately 65,000 U.S. private companies representing an estimated $9 trillion in combined value.

Contact Information
Jakub Vele
Head of Marketing
424978@email4pr.com
+1 (415) 375-4963

View original content to download multimedia:https://www.prnewswire.com/news-releases/eqvista-launches-company-sponsored-tender-offers-expanding-private-market-liquidity-capabilities-302911472.html

SOURCE Eqvista

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Technology

Eqvista Launches Company-Sponsored Tender Offers, Expanding Private Market Liquidity Capabilities

Published

38 minutes ago

on

October 19, 2026

By

New tender offer capabilities connect equity management with real-time valuation data covering approximately 65,000 private companies with a combined estimated value of $9 trillion, laying the groundwork for future secondary marketplace capabilities.

SAN FRANCISCO, Oct. 19, 2026 /PRNewswire/ — Eqvista, a leading equity management and valuation platform serving more than 25,000 companies, today announced the launch of company-sponsored tender offer capabilities, enabling private companies to organize structured liquidity events directly within their equity management platform. The launch also marks a step toward Eqvista’s planned secondary marketplace capabilities.

As companies stay private longer, employees and early investors face limited opportunities to sell their shares. Meanwhile, organizing liquidity events involves complex decisions around pricing, participant eligibility, approvals, and ownership changes.

Eqvista brings these processes together through a company-controlled tender offer workflow, supported by its equity management infrastructure and Eqvista Real-Time Company Valuation® technology.

“With Eqvista, private companies can help their employees and early investors turn their shares into cash, rewarding them for their contributions to the company,” said Tomas Milar, Founder and CEO of Eqvista. “We already help companies manage ownership and understand their value. Bringing tender offers into the same platform is a natural next step toward connecting equity management, valuation, and liquidity.”

Company-Controlled Tender Offers

Eqvista’s new capabilities allow companies to manage tender offers while maintaining control over participation, transaction terms, and ownership changes.

Key features include:

Cap table integration: Automatically record completed ownership changes.Participant controls: Define eligible buyers and sellers and offer windows.Allocation rules: Set transaction limits, pro rata allocations, and priorities.Integrated approvals: Manage approval requirements and rights of first refusal.Valuation-informed pricing: Reference Eqvista Real-Time Company Valuation® data when evaluating transaction pricing.

By integrating these processes, Eqvista aims to reduce the administrative complexity of organizing liquidity events while helping companies maintain control over their shareholder base.

Building Toward a Secondary Marketplace

Building on its company-sponsored tender offer capabilities, Eqvista plans to expand into secondary marketplace infrastructure designed to support structured, company-approved liquidity programs. By connecting ownership records, real-time valuation data, and private share transactions within one platform, Eqvista aims to make private market liquidity more accessible while allowing companies to maintain control over participation and ownership changes. Further details will be announced as development progresses, subject to applicable regulatory requirements.

Learn more about Eqvista’s Company-Sponsored Tender Offers.

About Eqvista

Eqvista is an equity management and valuation platform building infrastructure for private markets. Trusted by more than 25,000 companies worldwide, Eqvista combines equity management, in-house valuation expertise, and AI-powered technology to help private companies manage ownership and understand their value. Eqvista Real-Time Company Valuation® technology covers approximately 65,000 U.S. private companies representing an estimated $9 trillion in combined value.

Contact Information
Jakub Vele
Head of Marketing
424978@email4pr.com
+1 (415) 375-4963

View original content to download multimedia:https://www.prnewswire.com/news-releases/eqvista-launches-company-sponsored-tender-offers-expanding-private-market-liquidity-capabilities-302911472.html

SOURCE Eqvista

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