Yiyang CORUN New Energy Co., Ltd., a wholly-owned subsidiary of Hunan CORUN New Energy Co., Ltd., settled in the Eastern Industrial Park of Yiyang High-tech Zone in October 2020. With a registered capital of 150 million yuan and covering 16.8 hectares, the company invested approximately 1.5 billion yuan in building a production base for civil lithium-ion battery packs for electric bicycles, shared charging cabinets, smart home appliances, as well as vehicle-mounted composite lithium-ion cells and packs. The company plans to build 124,000 square meters of supporting facilities for factory, office, research and development, etc. The company is primarily engaged in the research, development, production, sales, and technical consulting services for batteries and related electronic and communication products, the research, development, production, and sales of metal materials, and the import and export of various goods and technologies, both on its own and as an agent.

After the project is completed and reaches full capacity, it aims to achieve an annual production and sales of 1 GWh, ranking among the top five in the industry, with a target annual output value of 3 billion yuan within five years and a cumulative tax contribution of no less than 300 million yuan over the next ten years.