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

Contemporary Amperex Technology Co. Ltd. (CATL) signed a three-year deal to provide 60 gigawatt-hours of sodium-ion batteries to Beijing HyperStrong Technology Co. The agreement marks CATL's first strategic partnership in sodium-based technology.
Contemporary Amperex Technology Co. Ltd. (CATL) has signed a three-year deal with Beijing HyperStrong Technology Co. to provide sodium-ion batteries. The agreement amounts to 60 gigawatt-hours and is CATL's first strategic partnership in sodium-based technology. CATL did not disclose the value of the deal. Beijing HyperStrong Technology Co. is a domestic manufacturer of power equipment.
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