Sodium-ion batteries (SIBs) have emerged as one of the most promising alternatives to lithium-ion systems, driven by the abundance and low cost of sodium resources as well as the urgent demand for sustainable large-scale energy storage. In recent years, re-markable advances have been achieved in electrode materials, electrolytes, and inter-facial engineering, which have significantly improved the electrochemical performance of SIBs. Hard carbons and alloy-type anodes have shown encouraging progress in balancing capacity and stability, while layered oxides, polyanionic compounds, and Prussian blue analogues are leading candidates for cathodes due to their structural diversity and tunable redox properties. Concurrently, the development of advanced liquid and solid electro-lytes, together with strategies to control the solid–electrolyte interphase (SEI) and cathode–electrolyte interphase (CEI), is enhancing safety and long-term cycling. Despite these achievements, critical challenges remain, including limited energy density, volumetric expansion in alloying anodes, interfacial instability, and scalability issues. This review provides a comprehensive overview of the fundamental principles, recent material in-novations, and failure mechanisms of SIBs, and highlights the current status of industrial progress led by companies such as Faradion, HiNa Battery, CATL, and Tiamat. Finally, future perspectives are discussed, emphasizing the role of sodium-ion technology in grid-scale storage, renewable energy integration, and sustainable battery recycling. By bridging academic advances and industrial development, this article outlines the roadmap toward the commercialization of sodium-ion batteries.