New energy industrial park starts production

By Yan Wanqin, Yichang International Communication Studio

The CORNEX Lithium-ion Battery Industrial Park Yichang Project began production yesterday in Yiling District with 22 production lines in operation.

The park also launched a new product, its self-developed marine batteries. Company representatives said the 320Ah battery has improved heat insulation, increased safety and better stability. Its life has been extended to 20 years or 12,000 recharges.

Investment in the park – whose 150GWh lithium battery production plant will ensure the capacity to fully charge around two million electric cars – will likely reach 60 billion yuan (US$8.2 billion). 

Construction of the park began in August 2022. When its four phases are completed, it is expected to generate annual output worth 105 billion yuan and tax revenue of 6 billion yuan, as well as create 20,000 new jobs for the area.  

The first phase of the park will have a capacity of 40GWh for the production of energy storage and automotive power batteries.

The park currently has four intelligent, modern battery cell factories, including 22 automated production lines, capable of producing battery cells, battery packs and large energy storage containers.

The power products are designed for passenger cars, commercial vehicles, ships, heavy trucks and other fields, and the energy storage products cover commercial and industrial users, the power grid and other application scenarios.

With its three production bases in Wuhan, Xiaogan and Yichang, Cornex New Energy is the first local new energy battery company in Hubei.