The Global Sodium Ion Battery Electrode Market was valued at USD 286 Million in 2025 and is projected to reach USD 698 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period (2025–2032). This explosive growth is being driven by the urgent need for sustainable, cost-effective energy storage, supply chain diversification away from lithium, and accelerating adoption in electric mobility and grid-scale storage applications.

As the world accelerates its transition to a low-carbon economy, the spotlight is on the key material innovators and manufacturers who are bringing sodium-ion technology from the lab to commercial reality. In this blog, we profile the Top 10 Companies in the Sodium Ion Battery Electrode Industry—a dynamic mix of specialized start-ups, established chemical giants, and strategic industry leaders shaping the next generation of batteries.

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🔟 1. HiNa Battery Technology Co., Ltd.

Headquarters: Liyang, Jiangsu, China
Key Offering: Cathode Materials (Layered Oxides), Anode Materials (Hard Carbon), Complete Cells

HiNa Battery Technology is a pioneer and current volume leader in the commercial sodium-ion battery space. A spin-off from the Chinese Academy of Sciences, HiNa has rapidly scaled production, deploying its batteries in electric vehicles, e-bikes, and stationary storage. Their electrode materials are known for their high energy density and cycle life, leveraging proprietary formulations.

Key Innovations & Commercial Milestones:

• World’s first GWh-scale sodium-ion battery production line (2023)
• Supplied batteries for the first mass-produced sodium-ion battery electric vehicle in China
• Focus on low-cost, high-performance Prussian white and layered oxide cathodes

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9️⃣ 2. Faradion Limited

Headquarters: Sheffield, United Kingdom
Key Offering: Proprietary Layered Oxide Cathode Materials, Licensed Electrode Technology

Acquired by Reliance Industries in 2021, Faradion is a global technology leader in sodium-ion batteries, holding a significant IP portfolio. Its electrode technology is distinguished by high energy density (exceeding 160 Wh/kg at cell level) and excellent thermal stability, making it suitable for demanding applications in India and worldwide.

Key Innovations & Commercial Milestones:

• Extensive patent portfolio covering cathode chemistry and cell design
• Strategic focus on licensing its electrode technology for global manufacturing scale-up
• Demonstrated successful use in e-rickshaws, two-wheelers, and stationary storage

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8️⃣ 3. Natron Energy, Inc.

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

Natron Energy has taken a unique and disruptive path by utilizing Prussian blue pigment chemistry for both electrodes. This results in batteries with exceptionally high power density, ultra-long cycle life (>50,000 cycles), and intrinsic non-flammability, targeting data center UPS and industrial power quality markets.

Key Innovations & Commercial Milestones:

• First UL-listed sodium-ion battery for data center backup power
• Commissioned a mass production facility in Michigan in 2024
• Electrodes made from abundant, low-cost commodity materials

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7️⃣ 4. CATL (Contemporary Amperex Technology Co. Limited)

Headquarters: Ningde, Fujian, China
Key Offering: First-Generation AB Battery Systems (Li-ion/Na-ion hybrid), Sodium-ion Cell Electrodes

The world’s largest lithium-ion battery maker, CATL, brought immense credibility to the sodium-ion sector by unveiling its first-generation sodium-ion battery in 2021. While leveraging some hybrid systems, CATL is investing heavily in next-generation electrode materials to improve energy density and drive down costs for mainstream EV adoption.

Key Innovations & Commercial Milestones:

• Announced sodium-ion batteries with an energy density of 160 Wh/kg, aiming for 200 Wh/kg+
• Plans for mass production and supply to select automotive OEMs from 2024-2025
• Significant R&D scale to accelerate electrode material optimization

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6️⃣ 5. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Advanced Cathode Active Materials (CAM), Development of Polyanionic Compounds

As a global chemical leader, BASF is leveraging its deep expertise in battery materials to develop high-performance sodium-ion cathode materials. The company is focusing on stabilizing nickel-based layered oxides and exploring polyanionic frameworks to combine performance, safety, and cost-effectiveness.

Key Innovations & Commercial Milestones:

• Strategic R&D partnerships with universities and companies to advance electrode science
• Focus on developing materials compatible with existing Li-ion production infrastructure
• Aiming to secure a leading position in the European sodium-ion battery value chain

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Sodium Ion Battery Electrode Market – View in Detailed Research Report

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5️⃣ 6. Tiamat Energy

Headquarters: Amiens, France
Key Offering: Sodium-ion Cells based on Polyanionic Cathode Materials (Fluorophosphate)

A spin-off from the French research network CNRS, Tiamat specializes in sodium-ion technology using a unique polyanionic cathode chemistry (Na₃V₂(PO₄)₂F₃). This approach provides higher voltage, strong thermal stability, and long cycle life, targeting power tools, cordless appliances, and hybrid electric vehicles.

Key Innovations & Commercial Milestones:

• Focus on high-power applications where fast charging is critical
• Commissioning a 5 GWh production facility in Hauts-de-France with EU support
• Developing cobalt-free and nickel-free cathode materials for supply chain security

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4️⃣ 7. Altris AB

Headquarters: Uppsala, Sweden
Key Offering: Prussian White Cathode Material (Fennac®), Electrode Development Services

Altris is a leading European developer of sodium-ion battery cathode materials, specifically its proprietary Fennac®, a high-performance Prussian white. The company supplies this key electrode material to battery cell manufacturers globally and develops full cell designs, enabling partners to bring products to market faster.

Key Innovations & Commercial Milestones:

• Producing the world’s most environmentally benign cathode material, according to LCA studies
• Established a pilot production facility with a 2,000-ton capacity
• Multiple partnerships with Asian and European cell makers for material qualification

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3️⃣ 8. NEI Corporation

Headquarters: Somerset, New Jersey, USA
Key Offering: Nanoscale Engineered Electrode Powders, Custom Synthesis Services

NEI Corporation applies its core expertise in nanomaterials synthesis and scaling to develop advanced sodium-ion electrode materials. Their focus is on creating powders with precisely controlled morphology and composition to enhance ionic conductivity, cycle life, and energy density for specialized applications.

Key Innovations & Commercial Milestones:

• Development of nanostructured anode materials (e.g., hard carbon composites) for fast charging
• Providing R&D and pilot-scale manufacturing services to battery developers globally
• Expertise in scaling nanomaterial synthesis from grams to multi-kilogram batches

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2️⃣ 9. Liaoning Xikong Sodium-ion Battery Co., Ltd. (Zoolnasm)

Headquarters: Shenyang, Liaoning, China
Key Offering: Complete Sodium-ion Battery Cells and Modules, Electrode Manufacturing

A key player in the rapidly growing Chinese market, Zoolnasm is focused on the mass production and system integration of sodium-ion batteries. The company has established a robust supply chain for electrode materials and is actively deploying its batteries in low-speed electric vehicles, energy storage, and start-stop applications.

Key Innovations & Commercial Milestones:

• Large-scale manufacturing capacity focused on cost-competitive electrodes and cells
• Strong vertical integration strategy for material sourcing and cell production
• Active deployment in China’s expansive micro-mobility and renewable storage sectors

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1️⃣ 10. AMTE Power PLC (in collaboration with Verkor)

Headquarters: Thurso, United Kingdom
Key Offering: Ultra-High Power Sodium-ion Cells (for automotive start-stop), Electrode Development

AMTE Power, a UK-based battery cell manufacturer, has developed a unique sodium-ion variant specifically engineered for the demanding automotive start-stop market, requiring very high power and extreme temperature tolerance. Through partnerships, they are working to scale this specialized electrode and cell technology.

Key Innovations & Commercial Milestones:

• Development of cells capable of ultra-high power discharge for automotive cranking
• Strategic partnership with French gigafactory company Verkor for potential scale-up
• Targeting a niche but high-volume application to establish a commercial beachhead

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Sodium Ion Battery Electrode Market – View in Detailed Research Report

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🌍 Outlook: The Future of Energy Storage Is Diverse and Sodium-Powered

The sodium-ion battery electrode market is at a critical inflection point. While lithium-ion technology will continue to dominate high-energy-density applications, sodium-ion is carving out substantial and growing niches by offering a compelling combination of cost, safety, supply chain security, and performance in specific use cases.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion in China, shifting from pilot to GWh-scale electrode production.
• Diversification of cathode chemistries: Layered oxides for energy, Prussian blue for power/power, polyanionics for stability.
• Strategic partnerships between material innovators (e.g., Altris, Faradion) and large cell manufacturers for accelerated commercialization.
• Growing regulatory and corporate push for diversifying battery raw materials beyond lithium, cobalt, and nickel.

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

The companies listed above are not only developing novel materials—they’re building the foundation for a more resilient, sustainable, and cost-effective energy storage ecosystem for decades to come.