China’s CATL bets big on sodium-ion batteries to navigate lithium price volatility (opens in new tab)

China’s Contemporary Amperex Technology Ltd (CATL), the world’s top lithium-ion battery maker, plans a major boost in production of sodium-based cells, a move that will help it navigate volatility in material prices while affecting both the electric vehicle (EV) and grid-storage sectors. The company’s planned annual production of 200 gigawatt-hours (GWh) of sodium-ion cells would represent nearly three times last year’s global production capacity, which was estimated at 70GWh, according to th...