On June 12, CATL rose 3.47% in regular trading, reaching HKD 681.0 per share, with turnover of HKD 1.364 billion. The stock appears to be recovering from earlier weakness tied to its Jianxiawo lithium mine setback, supported by accelerating sodium-ion battery commercialization momentum.

On the news front, multiple catalysts are converging for CATL's sodium battery business. General Motors and Peak Energy announced a joint development partnership for grid-scale sodium-ion batteries on June 10, validating the technology pathway CATL has been pioneering. CATL previously disclosed that its dedicated sodium-ion battery production line is operational, with first deliveries of sodium-ion storage systems scheduled for September and full-year GWh-level shipments targeted. The company also secured a landmark 3-year, 60GWh sodium battery order with Haibo Sichuang — the largest sodium-ion battery deal globally.

Industry analysts noted that CATL's sodium battery storage system cost is expected to reach parity with lithium iron phosphate systems by next year, marking the technology's transition from demonstration to large-scale commercial deployment across grid-side, industrial, and data center applications.

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