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Sinopec and LG Chem Sign Agreement to Jointly Develop Sodium-ion Battery Materials
China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") and LG Chem today announced the signing of a joint development agreement on key materials for sodium-ion batteries. Under the agreement, the two companies will collaborate on the development of cathode and anode materials for sodium-ion batteries, targeting applications in energy storage systems and low-speed electric vehicles across China and global markets. The partnership aims to accelerate the commercialization of sodium-ion batte
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[{"type":"text","content":"Collaboration to Accelerate Commercialization of Next-Generation Battery Technologies and Enhance Global Competitiveness ","length":120,"tagName":"p"},{"type":"text","content":"SEOUL, South Korea, Nov. 4, 2025 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") and LG Chem today announced the signing of a joint development agreement on key materials for sodium-ion batteries. Under the agreement, the two companies will collaborate on the development of cathode and anode materials for sodium-ion batteries, targeting applications in energy storage systems and low-speed electric vehicles across China and global markets. The partnership aims to accelerate the commercialization of sodium-ion battery technologies, establish new business models, and extend cooperation into broader new energy and high-value materials sectors in the future.","length":705,"tagName":"p"},{"type":"image","alt":"Sinopec and LG Chem Sign Agreement to Jointly Develop Sodium-ion Battery Materials. (PRNewsfoto/SINOPEC)","displaySize":"","headline":null,"caption":"Sinopec and LG Chem Sign Agreement to Jointly Develop Sodium-ion Battery Materials. (PRNewsfoto/SINOPEC)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":271,"url":"https://media.zenfs.com/en/prnewswire.com/440e2af99d3b44e6bb55667d9b986c11"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/TcXxSdzVSB4auyPXNAUzYg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3ODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/440e2af99d3b44e6bb55667d9b986c11","width":400,"height":271}},"href":"https://mma.prnewswire.com/media/2812926/Sinopec_LG_Chem_Sign_Agreement_Jointly_Develop_Sodium_ion_Battery_Materials.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Sodium-ion batteries offer significant advantages over lithium-ion batteries in terms of resource accessibility and cost efficiency, while delivering enhanced safety and faster charging performance. They also maintain better capacity retention under low-temperature conditions, outperforming lithium iron phosphate batteries and demonstrating strong commercial potential. According to industry research, China's sodium-ion battery market is expected to grow from 10 GWh in 2025 to 292 GWh by 2034, representing an average annual growth rate of approximately 45%. By 2030, China i...
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