{"id":37703,"date":"2025-11-04T15:09:42","date_gmt":"2025-11-04T08:09:42","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=37703"},"modified":"2025-11-04T15:09:42","modified_gmt":"2025-11-04T08:09:42","slug":"sinopec-and-lg-chem-sign-agreement-to-jointly-develop-sodium-ion-battery-materials","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=37703","title":{"rendered":"Sinopec and LG Chem Sign Agreement to Jointly Develop Sodium-ion Battery Materials"},"content":{"rendered":"\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Collaboration to Accelerate Commercialization of Next-Generation Battery Technologies and Enhance Global Competitiveness<\/i><\/b><\/p>\n

SEOUL, South Korea<\/span><\/span>, Nov. 4, 2025<\/span><\/span> \/PRNewswire\/ — China Petroleum & Chemical Corporation<\/a> (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<\/span> 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.<\/p>\n

\n

\"Sinopec<\/a>
Sinopec and LG Chem Sign Agreement to Jointly Develop Sodium-ion Battery Materials.<\/span><\/p>\n<\/div>\n

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<\/span> 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<\/span> is projected to account for over 90% of global sodium-ion battery production.<\/p>\n

The signing ceremony was attended by Mr. Hou Qijun, Chairman of Sinopec; Mr. Wan Tao<\/span>, Vice President of Sinopec; and Mr. Shin Hak-Cheol<\/span>, CEO of LG Chem. The agreement was signed by Mr. Bian Fengming, General Manager of Sinopec’s Science and Technology Department, and Mr. Lee Jong-Kyu<\/span>, CTO of LG Chem, on behalf of both parties.<\/p>\n

“Sinopec is dedicated to building a world-leading clean energy and chemical company and becoming a major supplier of clean energy and advanced chemical materials,” remarked Hou Qijun, Chairman of Sinopec<\/b>. “This strategic cooperation with LG Chem on sodium-ion battery materials will further strengthen both parties’ technological capabilities and market competitiveness, while contributing to the global energy transition and sustainable development.”<\/p>\n

“As a global leader in battery materials, LG Chem has consistently provided differentiated solutions to customers in the electric mobility market,” said Shin Hak-Cheol<\/span>, CEO of LG Chem<\/b>. “Through this partnership with Sinopec, we will jointly advance the development of next-generation battery materials and continue to reinforce our business portfolio in alignment with our customers’ future strategies.”<\/p>\n

For more information, please visit http:\/\/www.sinopec.com\/listco\/en\/<\/a>.<\/p>\n

\u00a0<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

<\/p>\n\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Collaboration to Accelerate Commercialization of Next-Generation Battery Technologies and Enhance Global Competitiveness<\/i><\/b><\/p>\n

SEOUL, South Korea<\/span><\/span>, Nov. 4, 2025<\/span><\/span> \/PRNewswire\/ — China Petroleum & Chemical Corporation<\/a> (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<\/span> 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.<\/p>\n

\n

\"Sinopec<\/a>
Sinopec and LG Chem Sign Agreement to Jointly Develop Sodium-ion Battery Materials.<\/span><\/p>\n<\/div>\n

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<\/span> 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<\/span> is projected to account for over 90% of global sodium-ion battery production.<\/p>\n

The signing ceremony was attended by Mr. Hou Qijun, Chairman of Sinopec; Mr. Wan Tao<\/span>, Vice President of Sinopec; and Mr. Shin Hak-Cheol<\/span>, CEO of LG Chem. The agreement was signed by Mr. Bian Fengming, General Manager of Sinopec’s Science and Technology Department, and Mr. Lee Jong-Kyu<\/span>, CTO of LG Chem, on behalf of both parties.<\/p>\n

“Sinopec is dedicated to building a world-leading clean energy and chemical company and becoming a major supplier of clean energy and advanced chemical materials,” remarked Hou Qijun, Chairman of Sinopec<\/b>. “This strategic cooperation with LG Chem on sodium-ion battery materials will further strengthen both parties’ technological capabilities and market competitiveness, while contributing to the global energy transition and sustainable development.”<\/p>\n

“As a global leader in battery materials, LG Chem has consistently provided differentiated solutions to customers in the electric mobility market,” said Shin Hak-Cheol<\/span>, CEO of LG Chem<\/b>. “Through this partnership with Sinopec, we will jointly advance the development of next-generation battery materials and continue to reinforce our business portfolio in alignment with our customers’ future strategies.”<\/p>\n

For more information, please visit http:\/\/www.sinopec.com\/listco\/en\/<\/a>.<\/p>\n

\u00a0<\/p>\n

\n<\/div>\n

<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-37703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/37703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37703"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/37703\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}