China's CATL launches new sodium-ion battery brand

Reuters - 21/04
China's CATL on Monday launched a new brand for its sodium-ion batteries, Naxtra, which it said would go into mass production in December, and a second generation of its fast-charging battery for electric cars.
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SHANGHAI, April 21 (Reuters) - China's CATL (300750.SZ), opens new tab on Monday launched a new brand for its sodium-ion batteries, Naxtra, which it said would go into mass production in December, and a second generation of its fast-charging battery for electric cars.
CATL became the first major automotive battery maker to launch a sodium-ion battery in 2021. Unlike other battery materials, sodium is cheap and abundant, and the chemistry has the potential to reduce fire risks in EVs, experts have said.

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The first production under the Naxtra brand will be of a new sodium-ion battery with an energy density of 175 watt-hours per kilogram, nearly equivalent to the lithium iron phosphate (LFP) batteries popularly used in electric vehicles and grid energy storage systems.
Sodium-ion batteries may have a cost advantage over lithium-ion batteries as the technology and supply ...
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