On April 4, 2023, Ningbo Motong Composite Materials Co., Ltd. (MOT) and State Power Investment Group Ningbo New Energy Investment Co., Ltd. officially signed a strategic cooperation agreement. This cooperation is of great significance for promoting the development of hydrogen storage and lightweight industries.

 

Hydrogen storage is one of the core technologies for realizing the industrialization of hydrogen energy, and lightweight composite materials have excellent performance and application prospects in hydrogen storage and transportation. This cooperation will enable State Power Investment Group to better utilize the technological and product advantages of MOT, promote the research and industrialization of hydrogen storage technology, and provide important technical support and guarantee for the application of hydrogen energy.

In addition, the development of new energy is an inevitable choice for China's energy transformation. State Power Investment Group is one of the largest power companies in China, while MOT has accumulated rich experience and technology in fields such as new energy vehicles and airplanes. The cooperation between both parties can promote the development and upgrading of the new energy industry through complementary advantages, continuous innovation, and contribute to the high-quality development of the Chinese economy.

 

This cooperation also has an important demonstration effect on international enterprise cooperation. The cooperation between State Power Investment Group and MOT signifies that deep cooperation between enterprises of different fields and properties in new energy has become a trend. This will help broaden the space for international industrial chain cooperation and integration, form a more complementary and collaborative industrial system, promote the healthy development of the industry, and have broad reference significance.

 

The signing of this cooperation will promote the development of hydrogen storage and lightweight industries, provide technical support and guarantees for the application of new energy, and also drive further deepening of industrial cooperation and integration, promoting the healthy development of the industry.