SEOUL, South Korea — November 4, 2025 — Leads & Copy — China Petroleum & Chemical Corporation (Sinopec) and LG Chem have signed a joint development agreement to collaborate on cathode and anode materials for sodium-ion batteries.
The companies aim to target 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.
Sodium-ion batteries offer advantages over lithium-ion batteries due to resource accessibility and cost efficiency, while delivering enhanced safety and faster charging performance. China’s sodium-ion battery market is expected to grow from 10 GWh in 2025 to 292 GWh by 2034, representing approximately 45% average annual growth.
The signing ceremony was attended by Mr. Hou Qijun, Chairman of Sinopec; Mr. Wan Tao, Vice President of Sinopec; and Mr. Shin Hak-Cheol, CEO of LG Chem. Mr. Bian Fengming, General Manager of Sinopec’s Science and Technology Department, and Mr. Lee Jong-Kyu, CTO of LG Chem, signed the agreement.
Hou Qijun remarked that this agreement will strengthen both parties’ capabilities and market competitiveness, while Shin Hak-Cheol said that the partnership will advance next-generation battery materials development.
Contact: For more information, please visit http://www.sinopec.com/listco/en/
Source: Sinopec
Source: Sinopec
