CORNEX Advances Strategic Expansion with New 70GWh Lithium Battery Industrial Park in Xiangyang

2025-09-30 Page View:1424

Recently, CORNEX and the Xiangyang Municipal People's Government have officially signed an investment agreement to establish the Xiangyang CORNEX Lithium Battery Industrial Park. The signing ceremony was attended by senior leadership from both the Hubei provincial and Xiangyang municipal governments, alongside CORNEX Chairman Dai Deming and other company executives.





The new industrial park, with a planned annual capacity of 70GWh, will be a hub for the research, development, and manufacturing of energy storage batteries, EV batteries, Packs, and battery energy storage container. Once fully operational, the facility is poised to become a leading-edge new energy industrial center, significantly driving the modernization of the new energy sector in both Xiangyang and the wider Hubei province.


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Wu Haitao, Secretary of the Xiangyang Municipal Party Committee, highlighted the project's strategic importance, calling it a key milestone in Xiangyang. He affirmed that CORNEX's industry leadership aligns perfectly with the city's development goals and pledged the government's full support to ensure the project's swift completion and success, aiming to establish Xiangyang as a globally influential new energy battery hub.


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CORNEX Chairman Dai Deming stated that the Xiangyang industrial park is a crucial step in the company's strategic vision of becoming a hundred-billion-level enterprise. He expressed confidence in developing the site into a world-class new energy technology facility that will generate significant economic and social benefits. "CORNEX is committed to accelerating Xiangyang’s growth into one of China’s largest new energy industry bases, contributing our strength to build a world-class Xiangyang," he noted.


This project marks a significant deepening of CORNEX's industrial footprint. The Xiangyang facility will integrate with CORNEX's existing operations in Xiaogan, Wuhan, and Yichang, creating a synergistic industrial ecosystem. This shared network will cover the entire lithium battery value chain—from R&D and mass manufacturing to high-end applications—collectively strengthening Hubei’s industry cluster and injecting powerful momentum into the high-quality development of China's new energy sector.

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