Hunan Corun New Energy Co., Ltd.

Company Profile

■URL

https://www.corun.com/

■Address

East side of Linyi Avenue, Chenzhou High-tech Industrial Park, Hunan Province, China

Business Overview

-A leading supplier in China engaged in the design, development, production, and sales of hybrid powertrain systems and other products, as well as the manufacture of components for New Energy Vehicles.

-Main products of the company:

Category	Details
Nickel-metal hydride battery materials	Nickel foam (battery positive electrode substrate), steel strip (battery negative electrode substrate), power battery positive and negative electrode sheets (applicable to power batteries), alloy powder (battery negative electrode material)
Lithium battery materials	Lithium sulfate solution (front-end product of lithium carbonate), battery-grade lithium carbonate (core raw material of lithium-ion batteries)
Power batteries	Nickel-metal hydride power batteries (applicable to hybrid vehicles, rail transit, aviation cold chain, etc.)
Consumer batteries	Lithium battery packs (applicable to shared electric motorcycles, shared charging cabinets, smart appliances, etc.), nickel-metal hydride batteries (applicable to toys, tools, game consoles, etc.)
Energy storage battery	Lithium battery cabinets, nickel-metal hydride battery cabinets (generation side, grid side, distributed microgrid energy storage, etc.)

Shareholders

-Listed on Shanghai Stock Exchange

(As of Dec.31, 2023)

Major Shareholders	Share ratio (%)
Hunan Corun Hi-Tech Holding Co., Ltd.	12.34
Geely Group Company Limited	10.46
Faping ZHONG	6.14
Others	71.06
Total	100

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Products

Batteries

-Nickel foam
-Ball nickel
-Alloy powder
-Steel strips
-Positive films
-Negative films
-Single batteries
-Battery modules
-Lithium batteries
-NiMH batteries
-Nickel-zinc batteries
-Power batteries
-Power battery packs
-Oil cooled battery packs

Hybrid powertrain system

-HT: Hybrid transmissions
-EMS: Engine management systems
-Oil pump control units
-BMS: Battery management systems
-PEU: Power electronics units
-HCU: Hybrid control units

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History

1998	Changsha Liyuan New Material Co.,Ltd. (former) was established.
Sep. 2003	Changsha Liyuan New Material Co.,Ltd. listed on the Shanghai Stock Exchange.
Jan. 2008	Changsha Liyuan New Material Co.,Ltd. completed the shareholding system reform, and changed name to Hunan Corun New Energy Co.,Ltd.
Nov. 2009	National Engineering Research Center of Advanced Energy Storage Materials Co.,Ltd. was formlly approved by the National Development and Reform Commission.
Jan. 2011	In Japan, acquired Shonan Plant of Panasonic Corporation.
Oct. 2013	The Changshan Plant started automatic production of Ni-MH automotive batteries.
Oct. 2014	Established a joint venture Corun Hybrid Technology Co., Ltd. with Geely.
Aug. 2014	Established a joint venture Corun Peve Automotive Battery Co., Ltd. with PEVE and Toyota.
Sep. 2016	The Changshu Plant formally put into operation.
Sep. 2016	Signed an investment agreement with Geely, Chang'an and Yunnei Power, to build the CHS platform.
Dec. 2016	CHS system products were released.
Jun. 2017	CHS established a joint venture with Yunnei Power, a domestic diesel engine leader, to develop deep hybrid diesel powertrains.
Sep. 2017	The Foshan Hybrid Powertrain Industrial Plant started production.
Jun. 2018	The Corun CHS Foshan plant officially went into production.
Oct. 2018	The Company acquired a stake of 36.97% in Corun Hybrid Technology Co., Ltd. (CHS) from Geely Group and Shanghai Maple Automobile Co., Ltd (SMA) .
Aug. 2019	Construction of production plant to manufacture automotive batteries and core materialsbegan in Foshan. The Company led in financing the project.
Oct. 2020	Established f a wholly owned subsidiary, Yiyang Keli Yuanxin Energy Co.
Dec. 2020	Established Foshan Jinchuan Energy Technology Co., by another subsidiary Lanzhou Jinchuan Energy Battery Co., Ltd.