Evergrande and Sinopec form an alliance to open comprehensive cooperation between the two world’s top 500 companies

Evergrande and Sinopec form an alliance to open comprehensive cooperation between the two world's top 500 companies
Source: on June 11, the signing ceremony of strategic cooperation between Evergrande group (03333) and China Petrochemical Group (00386) was held in Beijing. Ling Yiqun, deputy general manager of Sinopec, and Xia Haijun, President of Evergrande group, signed the strategic cooperation agreement on behalf of both sides, Zhang Yuzhuo, chairman of Sinopec, and Xu Jiayin, chairman of the board of Evergrande group, attended the event and witnessed the signing of the contract. According to the agreement, the two sides will give full play to their respective advantages in energy, science and technology, customer drainage, sales network, etc., carry out comprehensive strategic cooperation, and focus on the construction of lithium battery vehicle charging and changing power station, automotive lightweight materials, high-performance new building chemical materials, mineral water and other fields for in-depth cooperation. Sinopec is the second largest state-owned enterprise in the world’s top 500, and the largest producer of refined oil and natural gas in China