The Global Sodium Ion Battery Cathode Materials Market was valued at US$ 1.2 Billion in 2025 and is projected to reach US$ 4.8 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 16.7% during the forecast period (2024–2034). This robust growth is being driven by the global push for sustainable energy storage, cost advantages over lithium-ion alternatives, and the accelerating adoption of sodium-ion batteries for grid storage and electric vehicles.

As the energy storage industry pivots towards more abundant and affordable materials, the focus sharpens on the key material innovators who are driving performance, scalability, and supply chain security. In this blog, we profile the Top 10 Companies in the Sodium Ion Battery Cathode Materials Industry—a mix of established chemical giants, dedicated battery specialists, and pioneering startups shaping the future of electrochemical storage.

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🔟 1. CATL (Contemporary Amperex Technology Co. Limited)

Headquarters: Ningde, Fujian, China
Key Offering: Layered Oxide Cathode Materials (ABO2-type)

CATL, the world’s largest lithium-ion battery manufacturer, is a formidable force in sodium-ion battery development. The company unveiled its first-generation sodium-ion batteries in 2021, showcasing a proprietary layered oxide cathode material that achieves high energy density and excellent thermal stability.

Innovation & Development Initiatives:

• Pioneering ABO2-type layered oxide structures with mixed transition metals.
• Developing hybrid battery pack systems integrating sodium-ion and lithium-ion cells.
• Aiming for mass production and deployment in electric vehicles and energy storage systems (ESS) by 2025.

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9️⃣ 2. Faradion Limited

Headquarters: Oxford, United Kingdom
Key Offering: Proprietary Layered Oxide Cathode Materials

Faradion is a world-leading technology company in sodium-ion batteries, known for its high-performance, low-cost cathode materials. Its proprietary layered oxide chemistry enables energy densities comparable to some lithium-ion phosphate (LFP) batteries, making it a strong contender for applications ranging from electric vehicles to stationary storage.

Innovation & Development Initiatives:

• Non-flammable and safe battery technology.
• Strategic partnerships with global manufacturers for technology licensing and commercialization.
• Focus on achieving cost parity with lead-acid batteries while offering superior performance.

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8️⃣ 3. HiNa Battery Technology Co., Ltd.

Headquarters: Liyang, Jiangsu, China
Key Offering: Layered Oxide and Prussian White Cathode Materials

HiNa Battery Technology is one of China’s most prominent sodium-ion battery companies, with a focus on both material development and cell manufacturing. The company has deployed its batteries in real-world applications, including electric buses and grid storage, demonstrating the commercial viability of its technology.

Innovation & Development Initiatives:

• Operates one of the world’s first sodium-ion battery mass-production lines.
• Collaboration with academic institutions like the Chinese Academy of Sciences for advanced material research.
• Development of high-stability cathode materials for long cycle life.

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7️⃣ 4. Altris AB

Headquarters: Uppsala, Sweden
Key Offering: Prussian White Cathode Materials (Fennac®)

Altris is a Swedish pioneer focused on creating the world’s most sustainable sodium-ion battery. Its core innovation is Fennac®, a proprietary Prussian White cathode material, which is based on iron, sodium, and carbon—abundant and inexpensive elements that eliminate the need for critical materials like cobalt and nickel.

Innovation & Development Initiatives:

• Patented, cobalt- and nickel-free cathode material synthesis process.
• Focus on environmentally friendly production with a low carbon footprint.
• Partnerships with major European industrial players for large-scale production.

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6️⃣ 5. Natron Energy, Inc.

Headquarters: Santa Clara, California, USA
Key Offering: Prussian Blue Analogs (PBA) Cathode Materials

Natron Energy specializes in high-power, long-life sodium-ion batteries using Prussian Blue electrode materials. Unlike others focusing on energy density for EVs, Natron’s batteries excel in power density and cycle life, targeting markets like data center backup power, industrial machinery, and fast-charging applications.

Innovation & Development Initiatives:

• Ultra-fast charging capabilities (minutes instead of hours).
• Exceptionally high cycle life exceeding 50,000 cycles.
• Commissioning the first-ever U.S. mass production facility for sodium-ion batteries in 2024.

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5️⃣ 6. Ningbo Ronbay New Energy Technology Co., Ltd.

Headquarters: Ningbo, Zhejiang, China
Key Offering: High-Nickel Layered Oxide and Ternary Cathode Materials

Ronbay is a major supplier of cathode materials for the lithium-ion battery industry and is actively expanding into sodium-ion technology. Leveraging its extensive experience in precursor and cathode material synthesis, Ronbay is developing high-performance sodium layered oxide materials to compete with established lithium-based cathodes.

Innovation & Development Initiatives:

• R&D focus on improving the capacity and air stability of layered oxide cathodes.
• Scalable manufacturing processes derived from its lithium-ion material production expertise.
• Strategic positioning to supply major battery manufacturers diversifying into sodium-ion.

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4️⃣ 7. Malion New Materials

Headquarters: Taizhou, Zhejiang, China
Key Offering: Polyanionic Compound Cathode Materials (e.g., NaSuperIon Conductor-type)

Malion New Materials is dedicated to the research and production of key materials for new energy batteries. The company is investing significantly in the development of polyanionic-type sodium-ion cathode materials, which are known for their strong structural stability and long cycle life, making them ideal for large-scale energy storage.

Innovation & Development Initiatives:

• Development of vanadium-based and iron-based polyanionic materials.
• Focus on achieving high safety standards and thermal stability.
• Expanding production capacity to meet anticipated demand from the ESS sector.

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3️⃣ 8. Natrium Energy

Headquarters: China
Key Offering: Layered Oxide Cathode Materials

Natrium Energy is a specialized player in the sodium-ion battery ecosystem, focusing on the entire chain from material production to battery pack assembly. The company is working on optimizing the performance and cost-effectiveness of its layered oxide cathode materials to accelerate commercial adoption.

Innovation & Development Initiatives:

• Integrated approach from material synthesis to battery manufacturing.
• Targeting applications in low-speed electric vehicles and two-wheelers.
• Active participation in setting industry standards for sodium-ion batteries in China.

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2️⃣ 9. Lily Group

Headquarters: China
Key Offering: Cathode Material Precursors and Active Materials

Lily Group is a chemical manufacturer with a growing portfolio in battery materials. The company produces key precursors and finished cathode materials for various battery chemistries, including sodium-ion. Its strength lies in its chemical processing capabilities and ability to scale material production.

Innovation & Development Initiatives:

• Development of cost-effective synthesis routes for sodium cathode materials.
• Supplying materials to battery cell developers and manufacturers.
• Focus on consistency and quality control for high-volume manufacturing.

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1️⃣ 10. Zoolnasm Company

Headquarters: China
Key Offering: Specialized Cathode Materials for Emerging Batteries

Zoolnasm is an emerging supplier focusing on innovative materials for next-generation batteries. While smaller than some incumbents, the company is actively engaged in R&D for advanced sodium-ion cathode formulations, aiming to address specific challenges like capacity retention and low-temperature performance.

Innovation & Development Initiatives:

• Research into novel material compositions to enhance energy density.
• Exploring partnerships with academic and research institutions.
• Positioning as a niche supplier for specialized, high-performance applications.

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🔋 Outlook: The Future of Sodium Ion Battery Cathode Materials Is High-Performance and Cost-Effective

The sodium-ion battery cathode materials market is undergoing a rapid transformation. While lithium-ion technology currently dominates, the industry is investing heavily in material science innovations, production scaling, and supply chain establishment to make sodium-ion a mainstream, complementary technology.

📈 Key Trends Shaping the Market:

• Intense R&D focused on increasing the energy density of layered oxide and Prussian blue analog cathodes.
• Scaling of manufacturing capacity, particularly in China, to reduce costs through economies of scale.
• Growing regulatory and corporate emphasis on diversifying battery chemistries away from critical raw material dependencies.
• Increasing adoption in cost-sensitive applications like grid-scale energy storage, two-wheelers, and low-range electric vehicles.

Get Full Report Here:
Sodium Ion Battery Cathode Materials Market – View in Detailed Research Report

The companies listed above are not only developing advanced materials—they’re building the foundation for a more sustainable and secure energy storage future.