On November 4, Sinopec and LG Chem inked a landmark agreement, embarking on a collaborative journey to co-develop pivotal materials for sodium-ion batteries. This includes the advancement of cathode and anode materials, with a strategic focus on catering to the burgeoning Chinese and global markets for energy storage systems as well as low-speed electric vehicles. The essence of this partnership lies in its ambition to expedite the commercialization trajectory of these cutting-edge materials, delve into innovative business paradigms, and pave the way for extended collaboration in the realms of new energy and high-value-added materials.
