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China Petroleum & Chemical Corporation
Sinopec Partners with LG Chem on Sodium-Ion Batteries
7 months agoChina Petroleum & Chemical Corporation (Sinopec) has formed a strategic alliance with LG Chem to jointly develop key materials for sodium-ion batteries, targeting energy storage systems and light electric vehicles. This move marks a significant pivot towards clean energy, diversifying Sinopec's traditional refining operations. The partnership aims to accelerate commercialization of these batteries, positioning Sinopec strongly in a high-growth emerging market that could bolster its stock performance on the DEUTSCHE BOERSE AG.
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