Recently, Sinopec and LG Chem signed an agreement to jointly develop key materials for sodium-ion batteries. The two parties will collaborate on the development of key materials such as cathode and anode materials for sodium-ion batteries, targeting the energy storage systems and low-speed electric vehicle markets in China and globally. The partnership aims to accelerate the commercialization process, expand the business models for sodium-ion batteries, and extend cooperation to the fields of new energy and high-value-added materials in the future. Sinopec Chairman HOU Qijun and LG Chem CEO Hak Cheol Shin attended the signing ceremony. Sinopec Vice President WAN Tao was also present.

In the future, Sinopec will continue partnering with LG Chem to further enhance technical strength, advance energy transition, and promote sustainable development.