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CATL Seals 60 GWh Sodium-Ion Deal, Raises $5 Billion to Accelerate Global Rollout

The order signals a turn toward grid storage that leans on abundant sodium and thermal resilience.

Overview

  • An agreement announced Monday between CATL and Beijing HyperStrong commits 60 GWh of sodium‑ion batteries for energy‑storage projects, the largest order reported for the chemistry.
  • CATL says the cells deliver about 160 Wh/kg, 97% system efficiency and over 15,000 cycles, and that it solved foaming and moisture‑control issues to enable mass production.
  • Following Tuesday's HK$39.2 billion share placement in Hong Kong, CATL said the funds will back overseas factories, renewable projects and research into next‑generation batteries.
  • Industry reaction is split, with some calling the deal a watershed for sodium‑ion while others note energy density still trails LFP and current cell costs near US$70 per kWh could keep system costs higher until scale improves.
  • Sodium relies on widely available materials and strong thermal safety, positioning it for grid storage and data centers now with early EV uses still emerging, which could help utilities add renewable power more reliably as manufacturing scales.