LG Chem, China's Sinopec Partner to Develop Next-Generation Sodium-Ion Battery Materials

MT Newswires Live

2025/11/04

LG Chem (KRX:051910) signed a joint development agreement with Chinese energy and chemical company China Petroleum & Chemical or Sinopec (SHA:600028, HKG:0386) to co-develop key materials for sodium-ion batteries, comprising cathodes and anodes, the chemicals manufacturer said in a Tuesday release.

The two firms also plan to expand cooperation into eco-friendly energy and advanced material sectors, targeting energy storage systems and mass-market electric vehicle applications.

Shares of LG Chem rose nearly 1% in recent trade.

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