That was fast. CATL is only now ramping up Naxtra production and it's already approaching price parity with LFP. This is early validation of the cost curve predictions for this chemistry.

Most of this is destined for stationary storage that would likely have used lithium-based chemistry instead, or not been built-out at all. Every GWh of capacity sodium offsets is a GWh that isn't supplied by lithium, so demand for higher-value battery chemistry should be lower, and take prices with it. Good news all around.