LiNi1/3Mn1/3Co1/3O2 (NMC) as a cathode material for lithium ion batteries has been synthesized by the sol–gel method. The X-ray diffraction Rietveld refinement results indicated that single-phase NMC with hexagonal layered structure was obtained. Scanning electron microscope images revealed well crystallized NMC with uniform particle size in the range of 100–200 nm. The performance of the NMC electrodes with sodium carboxylmethyl cellulose (CMC), poly(vinylidene fluoride) (PVDF), and alginate from brown algae as binders was compared. Constant current charge–discharge test results demonstrated that the NMC electrode using CMC as binder had the highest rate capability, followed by those using alginate and PVDF binders, respectively. Electrochemical impedance spectroscopy test results showed that the electrode using CMC as the binder had lower charge transfer resistance and lower apparent activation energy than the electrodes using alginate and PVDF as the binders. The apparent activation energies of NMC electrodes using CMC, alginate, and PVDF as binders were calculated to be 27.4 kJ mol−1, 33.7 kJ mol−1, and 36 kJ mol−1, respectively.