Chinese Battery Manufacturer, CATL Introduces Sodium-Ion Battery

Chinese battery manufacturer Contemporary Amperex Technology Co., Ltd. (CATL) unveiled the company's first-generation sodium-ion battery on Thursday. Batteries are a new solution for the automotive industry. CATL's first generation sodium-ion batteries have high energy density, fast charging capability, excellent thermal stability and excellent low temperature performance. commercial production of sodium-ion batteries is much cheaper than lithium-ion batteries, which currently cost around $126 per kWh to produce. The energy density of CATL sodium-ion battery cells can reach up to 160 Wh/kg, and the battery can be charged to 80% in just 15 minutes at room temperature. At a freezing temperature of -20°C, sodium-ion batteries have a capacity retention rate of over 90% of available power. CATL said it has started the deployment of the sodium-ion battery industry and plans to form a core industrial chain by 202