On September 15th, the People's Government of Xiangyang City and Cornell signed an investment agreement for the cornex Xiangyang Lithium Battery Industrial Park project in Xiangyang City. Wu Haitao, member of the Standing Committee of the Hubei Provincial Party Committee and Secretary of the Xiangyang Municipal Party Committee, Du Haiyang, Deputy Secretary of the Xiangyang Municipal Party Committee and Mayor, and Dai Deming, Chairman of Cornex, witnessed the signing of the contract.

Cao Zujin, Deputy Mayor of Xiangyang City, and Huang Feng, President of Cornex, signed the contract on behalf of both parties. Lv Yibin, Secretary and Director of the Party Group of the Standing Committee of the Xiangyang Municipal People's Congress, Li Shi, Secretary and Chairman of the Party Group of the Xiangyang Municipal Political Consultative Conference, Bu Xiangnan, Executive Vice President of Cornell, and Vice Presidents Zhu Xiaoping and Wang Chuang attended the event.

Chu Neng Xiangyang Lithium Battery Industrial Park plans an annual production capacity of 70GWh, focusing on energy storage batteries, power batteries Pack、 The research and manufacturing of prefabricated cabins, once fully completed and put into operation, will rise to become a leading and technologically advanced highland in the new energy industry, effectively promoting the transformation and upgrading of the new energy industry in Xiangyang and even Hubei.

Wu Haitao emphasized in his speech that the successful signing of the cornex Xiangyang Lithium Battery Industrial Park project is an important milestone for Xiangyang to build a new energy industry cluster worth billions and serve the construction of the province's "pilot zone". As a leading enterprise in the industry, Cornell has strong strength and broad market prospects, which are highly compatible with Xiangyang's industrial layout and development needs. The Xiangyang Municipal Party Committee and Government will continue to optimize the business environment, fully serve and ensure the early completion, production, and effectiveness of projects, and work together to build Xiangyang into a new energy battery research and manufacturing base with national and even global influence.

In his speech, Dai Deming expressed sincere gratitude for the high attention and strong support from the Xiangyang Municipal Party Committee, Municipal Government, High tech Zone, various functional departments directly under the city, and project teams. He pointed out that the signing and implementation of the Cornell Xiangyang Lithium Battery Industrial Park project is one of the key layouts for Cornell to achieve its strategic goal of a billion yuan industry. After the project is put into operation, it will bring huge economic and social benefits. Cornex is confident and capable of building Xiangyang Cornex into a global leader in new energy technology, helping Xiangyang accelerate its growth into the largest new energy industry base in the country and contributing to the construction of a world-class Xiangyang.

The successful signing of the Cornell Xiangyang Lithium Battery Industrial Park project is an important step for Cornell to deepen its industrial strategic layout. Xiangyang Corner will build an efficient and complementary industrial community with Xiaogan Corner, Wuhan Corner, and Yichang Corner, forming a lithium battery full industry chain ecosystem covering research and development innovation, large-scale manufacturing, and high-end applications. Together, we will promote the cluster development of the lithium battery industry chain in Hubei Province and inject strong momentum into the high-quality development of China's new energy industry.