Everyone wants a piece of Tesla’s battery business

GM is entering the booming energy storage market with a new sodium-ion battery, aiming to compete with Tesla, which currently controls 82% of the market. While EV sales have slowed, stationary battery installations have doubled in two years, driven by AI data centers and electrification. GM's sodium-ion approach offers cheaper materials and a China-independent supply chain, though its product won't launch until later this decade.