Hunan Corun New Energy Co., Ltd.

Company Profile

■URL

http://www.corun.com

■Address

No.348, Tongzipo West Road, National High-Tech Industrial Development Zone, Changsha, Hunan, China

Business Overview

-The company is mainly engaged in R&D, design, production and sales of energy-saving technologies, power batteries, and drive systems for new energy vehicles.

- In the global nickel-hydrogen battery market, the company ranked third (including the acquisition of Shonan, Japan). The first and second are PEVE (Primearth EV Energy Co., Ltd.) and Panasonic (including the acquisition of Japanese Sanyo).

-The Company is the exclusive supplier of Toyota's nickel-hydrogen battery positive and negative electrodes and nickel-hydrogen batteries in China.

-The Company is the only manufacturer to produce foamed nickel for power batteries in China. Its domestic market share is 100%.

Shareholders

-Listed on Shanghai Stock Exchange (As of Dec.31, 2018)
Major Shareholders Share ratio (%)
Hunan Corun New Energy Co., Ltd. 18.21
Zhong Faping 6.92
Gao Yaping 2.53
Shen Xianglong 2.47
Sheng Chunlin 2.14
Others 67.73
Total 100.00

Products

Batteries

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

Hybird 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

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 Accquired a wholly owned subsidiary of Panasonic battery power company - Shonan factory.
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.
Sep. 2017 The Foshan Hybrid Powertrain Industrial Plant started 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) .

Supplemental Information 1