Sodium-ion Battery

In 2026, sodium batteries will be used on a large scale in battery swap, passenger vehicles, commercial vehicles, and energy storage, CATL said.

Eve Energy will invest about RMB 1 billion ($140 million) in this sodium-ion battery project, with an annual production capacity planned at 2 GWh.

CATL's fifth-generation LFP batteries have achieved new breakthroughs in energy density and cycle life, according to its chairman Robin Zeng.

Zoolnasm recently completed its Series A2 financing round, bringing the total Series A financing amount to nearly RMB 300 million ($42 million).

The energy storage station uses the latest high-capacity sodium-ion batteries with a top response speed six times faster than other existing sodium-ion batteries.

CATL has showcased its latest innovations ahead of the Shanghai auto show, as it tries to push the "boundaries" even further.

The energy density of the battery cells used in the solution exceeds 165 Wh/kg, and they can be charged to 100 percent in 20-25 minutes, Hina said.

The program will last for four years, with a total lifecycle purchase value of about RMB 200 million ($28.1 million).

The energy storage station can store 100,000 kWh of electricity on a single charge, which can meet the needs of around 12,000 households for a day.

A 10-MWh sodium-ion battery energy storage station has been put into operation in Guangxi, southwest China, the country's first large-scale energy storage plant using sodium batteries.