LG Chem partners with China's largest energy firm for battery tech

LG Chem, a leading chemical and battery manufacturer, has entered into a partnership with China-based Sinopec to codevelop materials for batteries, underscoring its commitment to the industry as global demand surges from electric vehicles (EVs) and artificial intelligence technologies. The LG Group subsidiary said on Tuesday that it signed the agreement with China’s largest energy and chemical company last Thursday at LG Twin Tower in Seoul. According to LG, Sinopec is engaged in petroleum and gas exploration and development, refining, chemicals and new materials businesses. LG Chem Vice Chairman and CEO Shin Hak-cheol and Sinopec Chairman Hou Qijun attended the signing ceremony. Under the deal, the two companies will jointly research anode and cathode materials for sodium-ion batteries (SIBs), establish a stable supply chain and introduce the materials to the market at a competitive price. The partnership was established in recognition of SIBs key advantages over the lithium-ion batteries that currently dominate the global market. According to LG Chem, SIBs offer greater resource avaWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times