During the Spring Festival holiday, CNGR New Energy in Ningxiang Economic and Technological Development Zone ramped up production for orders. After the holiday, it’s also working at full capacity for production.
A few days ago, such products as ternary precursor and cobalt tetroxide rolled off from the intelligent production lines. Since it settled in Ningxiang in 2017, the sales of its core product--cobalt tetroxide has ranked the first in the world.

Since the establishment of the company, CNGR New Energy has always focused on making the precursor materials stronger, and worked closely with Samsung, LG and other Fortune 500 enterprises to help the development of the global new energy automobile industry.
Deng Weiming, chairman of Hunan CNGR Holding Group, said that CNGR will continue to promote technology and product diversification, vertical integration of production and globalization of industrial layout in the development of new energy industry.
In terms of technological innovation and product development, the company will continue to increase investment in R&D and technological innovation to develop new functional materials in more fields.

In recent years, the city has focused on cultivating advanced energy storage materials industry as a leading industry, attracting leading enterprises and supporting facilities and improving services, and the city’s energy storage materials industry has achieved rapid development.
At present, the city has introduced advanced energy-storage enterprises such as BASF Shanshan, BYD, and formed a green recycling industrial chain. It has built the most complete industrial chain in the province, with the industrial concentration degree leading in China and the first in the central region.

“The new energy materials industry in Ningxiang has developed relatively early, so it has formed a certain scale, and has a solid foundation for production, education and research, and the industrial chain is gradually maturing. In the future, CNGR plans to further increase investment in Ningxiang, and the Phase II project mainly focuses on precious metal materials.” Deng Weiming said.