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On August 19, Sinochem News, Sibao Technology issued an announcement stating that it and CATL signed the "Cooperation Framework Agreement" on August 18, and the two parties will fully rely on their respective industry backgrounds and resources and technological advantages to carry out cooperation matters.
The cooperation mainly focuses on new materials that improve the safety and efficiency of lithium batteries (packs)
.
The announcement shows that, based on the strong influence of CATL in terms of brand and industry, and the industrial advantages accumulated by Sibao Technology in the field of organic silicon materials for many years
.
In order to form a long-term and comprehensive partnership, the two parties will give full play to their respective talents, technology, resources, capital, and platform advantages, market-oriented, relying on projects, and jointly establish a comprehensive and diversified cooperative relationship.
Sibao Technology said that this cooperation will help optimize the company's planning in terms of product types and talent reserves, and promote the company's sustainable development in the future