CATL Launches Naxtra Sodium-Ion Battery and New Fast-Charging EV Battery
On Monday, CATL, China’s leading battery manufacturer, introduced two groundbreaking technologies: the Naxtra sodium-ion battery and the next-generation Shenxing fast-charging EV battery. These innovations are expected to significantly impact the electric vehicle (EV) industry.
Key Developments:
- Naxtra Sodium-Ion Battery:
- CATL’s new Naxtra sodium-ion battery will begin mass production in December. It offers an energy density of 175 watt-hours per kilogram, nearly matching lithium iron phosphate (LFP) batteries.
- Sodium-ion batteries are seen as a safer, more affordable alternative to lithium-ion batteries. They also have the potential to reduce fire risks in EVs.
- Shenxing Fast-Charging EV Battery:
- The second-generation Shenxing battery promises a 520 km driving range with just a five-minute charge. It can also reach 80% charge in just 15 minutes, even in cold weather.
- Over 67 new EV models are expected to feature this fast-charging technology in 2024.
- CATL’s Market Strategy:
- CATL was the first major automotive battery maker to launch a sodium-ion battery in 2021. The company’s founder, Robin Zeng, believes these batteries could replace up to half of the current LFP battery market.
- More than 18.32 million vehicles equipped with CATL batteries are already running in over 66 countries worldwide.
- New Battery Pairing System:
- CATL also introduced an innovative battery pairing system, similar to the two-engine system used in airplanes. This system is designed to enhance EV safety by improving energy reliability.
- Financial Growth Despite Market Challenges:
- In its latest financial report, CATL reported a 15% growth in net profit for 2024. However, this is the slowest growth in six years, as the company faces pressure from China’s ongoing EV price war.
Conclusion:
CATL continues to lead the EV battery market with the launch of the Naxtra sodium-ion and Shenxing fast-charging batteries. These innovations could revolutionize EV performance and safety. However, the company must navigate ongoing market challenges to maintain its growth in the competitive EV sector.
