The sharp rise in the price of lithium carbonate has spurred listed companies to expedite their foray into sodium-ion batteries. Given their abundant resources and cost-effectiveness, sodium batteries are poised for widespread adoption. Industry experts note that the sodium battery sector has reached a pivotal stage of development, with concurrent progress in technological innovation and commercialization efforts. Nevertheless, the supporting supply chain and standardization frameworks still need refinement. Sodium batteries and lithium batteries do not compete as substitutes but rather complement each other. Sodium batteries are primarily intended for cost-conscious, low-to-medium energy density storage applications and low-speed transportation sectors, whereas lithium batteries will continue to hold sway in high energy density, long-lasting, and premium application domains.