CATL and BYD are betting on a new type of EV battery to overcome rising lithium prices
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CATL and BYD, leading players in the EV battery market with over 50% of global sales, are focusing on sodium-ion batteries to address rising lithium prices. CATL introduced its first sodium-ion battery, "Naxtra," and plans to install these batteries in passenger vehicles by Q2 2026, starting with the AION Y Plus model. This move aims to keep them ahead in the competitive landscape as new technology is set to roll out in 2026.
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