CATL Inks First Major Deal to Provide Sodium-Ion Battery Storage

Contemporary Amperex Technology Co. Ltd. said it signed a three-year deal to provide sodium-ion batteries to Beijing HyperStrong Technology Co., a domestic manufacturer of power equipment.

CATL did not disclose the value of the agreement but said in a statement it would amount to 60 gigawatt-hours, and mark the battery giant’s first strategic partnership in sodium-based technology.