EnergyTech | May 2025

This report explores the global competition in battery storage innovation, with a focus on lithium production, evolving battery chemistries, and tariffs that could increase energy storage system costs by up to 35%. It highlights CATL’s unveiling of three commercial battery solutions, including the Naxtra—the world’s first mass-produced sodium-ion battery—alongside the Freevoy Dual-Power Battery and the second-generation Shenxing Superfast Charging Battery. The Naxtra reportedly exceeds 10,000 charge cycles. The report also details energy storage projects in the U.S., Australia, and China, concluding that China is aggressively advancing to outpace the U.S. in battery storage leadership.

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