CNGR New Energy listed among China’s top 25 unicorns in new economy
CNGR New Energy in Ningxiang City, Changsha was included in the list of 2023 China’s top 150 unicorn enterprises in new economy recently, ranking 25th. It’s the first new economic unicorn in Hunan province to enter the top 30 in China, with an estimated value of more than 10 billion yuan.
The advanced energy storage materials industry is one of the most eye-catching emerging industries in recent years. As a leading global comprehensive service provider of new energy materials, CNGR Group established Hunan CNGR New Energy Technology Co., Ltd. in Ningxiang in 2016.
In just five years, CNGR New Energy has shown a good development momentum in Ningxiang.
In 2021, the output value of CNGR New Energy reached 13 billion yuan, becoming the first enterprise in the advanced energy storage material industry in Hunan with an output value exceeding 10 billion yuan, the 8th one in Changsha, and the 2nd industrial flagship enterprise with an output value exceeding 10 billion yuan in Ningxiang.
At present, CNGR New Energy is the world’s top comprehensive service provider of lithium battery cathode material precursors. Its core products, cobalt tetroxide and ternary precursor materials, have the world’s largest market share and are widely used in 3C digital, power, and energy storage fields such as Huawei, Apple, and Tesla.
On July 22 of this year, the CNGR Advanced Functional Powder Materials Industrial Park project began construction in Ningxiang Economic and Technological Development Zone, and can achieve an annual output value of over 50 billion yuan after going into operation.
On September 1, the CNGR Global Science and Technology Innovation Center project made its debut in Changsha. Among them, the “CNGR Global Experimental Center” located in Ningxiang covers an area of 500 mu (about 33 hectares) and will be the largest base for trial production and early mass production.
When it comes to Ningxiang, the most familiar to the outside world may be the Four-ram Zun. Little did they know that the hard core industry here is on the rise.
“There is Ningde in Fujian Province, and Ningxiang in Hunan Province” is Ningxiang’s goal for the energy storage material industry. As an industrial new city, Ningxiang focuses on leading enterprises, key industrial chain projects, high-growth projects through planned investment promotion and shareholder-style services, and provides good business environment for them.
Currently, the energy storage material industry in Ningxiang has gathered 29 upstream and downstream industrial enterprises above designated size, cultivated CNGR New Energy, Findreams Battery and Brunp Recycling with an output value of 10 billion yuan respectively, making it one of the few regions in China with a complete energy storage industrial chain.
In 2022, the energy storage industry in Ningxiang City achieved an output value of 62.5 billion yuan, accounting for about 60% of Changsha and about 50% of Hunan Province, ranking second among counties and districts in China.
It is soaring towards an output value of 100 billion yuan.
Technological innovation is a powerful engine for promoting industrial development. The energy storage industry has high technological content.
After years of development, Ningxiang has national manufacturing champion enterprises such as CNGR New Energy, BASF Shanshan and Changning Carbon, as well as 6 national enterprise technology centers and 9 provincial enterprise technology innovation centers. More than 20 scientific research achievements in the lithium battery industry have been industrialized in Ningxiang.
“Ningxiang’s new energy materials industry, which started development earlier, has formed a certain scale, with solid foundations in research and production, as well as a gradually maturing industrial chain. In the future, CNGR will continue to promote diversification of technology and product, vertically integrated production, as well as global industrial layout. In terms of technological innovation and product development, we will continue to increase investment in R&D and innovation, and develop new functional materials in more fields,” said Deng Weiming, chairman of Hunan CNGR Holding Group.
The advanced energy storage materials industry is one of the most eye-catching emerging industries in recent years. As a leading global comprehensive service provider of new energy materials, CNGR Group established Hunan CNGR New Energy Technology Co., Ltd. in Ningxiang in 2016.
In just five years, CNGR New Energy has shown a good development momentum in Ningxiang.
In 2021, the output value of CNGR New Energy reached 13 billion yuan, becoming the first enterprise in the advanced energy storage material industry in Hunan with an output value exceeding 10 billion yuan, the 8th one in Changsha, and the 2nd industrial flagship enterprise with an output value exceeding 10 billion yuan in Ningxiang.
At present, CNGR New Energy is the world’s top comprehensive service provider of lithium battery cathode material precursors. Its core products, cobalt tetroxide and ternary precursor materials, have the world’s largest market share and are widely used in 3C digital, power, and energy storage fields such as Huawei, Apple, and Tesla.
On July 22 of this year, the CNGR Advanced Functional Powder Materials Industrial Park project began construction in Ningxiang Economic and Technological Development Zone, and can achieve an annual output value of over 50 billion yuan after going into operation.
On September 1, the CNGR Global Science and Technology Innovation Center project made its debut in Changsha. Among them, the “CNGR Global Experimental Center” located in Ningxiang covers an area of 500 mu (about 33 hectares) and will be the largest base for trial production and early mass production.
When it comes to Ningxiang, the most familiar to the outside world may be the Four-ram Zun. Little did they know that the hard core industry here is on the rise.
“There is Ningde in Fujian Province, and Ningxiang in Hunan Province” is Ningxiang’s goal for the energy storage material industry. As an industrial new city, Ningxiang focuses on leading enterprises, key industrial chain projects, high-growth projects through planned investment promotion and shareholder-style services, and provides good business environment for them.
Currently, the energy storage material industry in Ningxiang has gathered 29 upstream and downstream industrial enterprises above designated size, cultivated CNGR New Energy, Findreams Battery and Brunp Recycling with an output value of 10 billion yuan respectively, making it one of the few regions in China with a complete energy storage industrial chain.
In 2022, the energy storage industry in Ningxiang City achieved an output value of 62.5 billion yuan, accounting for about 60% of Changsha and about 50% of Hunan Province, ranking second among counties and districts in China.
It is soaring towards an output value of 100 billion yuan.
Technological innovation is a powerful engine for promoting industrial development. The energy storage industry has high technological content.
After years of development, Ningxiang has national manufacturing champion enterprises such as CNGR New Energy, BASF Shanshan and Changning Carbon, as well as 6 national enterprise technology centers and 9 provincial enterprise technology innovation centers. More than 20 scientific research achievements in the lithium battery industry have been industrialized in Ningxiang.
“Ningxiang’s new energy materials industry, which started development earlier, has formed a certain scale, with solid foundations in research and production, as well as a gradually maturing industrial chain. In the future, CNGR will continue to promote diversification of technology and product, vertically integrated production, as well as global industrial layout. In terms of technological innovation and product development, we will continue to increase investment in R&D and innovation, and develop new functional materials in more fields,” said Deng Weiming, chairman of Hunan CNGR Holding Group.
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