The optimal state of charge (SoC) balancing control for series-connected lithium-ion battery cells is presented in this paper. A modified SoC balancing circuit for two adjacent cells, based on the principle of a bidirectional Cuk converter, is proposed. The optimal SoC balancing problem is established to minimize the SoC differences of cells and the energy loss subject to constraints of the normal SoC operating range, the balancing current, and current of cells. This optimization problem is solved using the sequential quadratic programming algorithm to determine the optimal duties of PWM signals applied to the SoC balancing circuits. An algorithm for the selection of the initial points for the optimal problem-solving process is proposed. It is applied in cases where the cost function has no decreasing part. Experimental tests are conducted for seven series-connected Samsung cells. The optimal SoC balancing control and SoC estimation algorithms are coded in MATLAB and embedded in LabVIEW to control the SoC balancing in real time. The test results show that the differences between the SoCs of cells converges to the desired range using the proposed optimal SoC balancing control strategy.