News Center

Over 20 years' experience manufacturing batteries

knowledge

Company News

Industry News

Sinopec and LG Chem Sign Joint Development Agreement for Key Sodium-Ion Battery Materials

Release time:

2025-11-04

Sinopec and LG Chem Sign Joint Development Agreement for Key Sodium-Ion Battery Materials

Recently, China Petroleum & Chemical Corporation (Sinopec) and South Korea's LG Chem officially signed a strategic cooperation agreement to jointly dedicate efforts to the research, development, and industrialization of key sodium-ion battery materials. This cross-border collaboration marks a significant step forward in the commercialization process of sodium-ion battery technology.

Cooperation Details

According to the agreement, both parties will integrate their respective superior resources in chemical materials and battery technology, focusing on developing:
• High-performance sodium-ion battery cathode materials
• High-efficiency sodium-ion battery anode materials
• Large-scale production processes for related materials

Market Prospects

The collaborating parties have clearly stated that they will jointly explore Chinese and global markets, with key layouts in:
• Grid-level energy storage systems
• Household energy storage equipment
• Low-speed electric vehicle sector
• Other clean energy storage applications

Industry Significance

Sodium-ion batteries, with their abundant raw material resources, significant cost advantages, and high safety characteristics, are becoming an important complement to lithium-ion batteries. According to market forecasts cited by LG Chem, the sodium-ion battery market is expected to expand rapidly at an average annual growth rate of 45%, reaching a scale of 292 GWh by 2034.