Cornex New Energy's annual cylindrical cell production capacity has exceeded 30GWh, with cumulative shipments surpassing 50 million cells.
Cornex New Energy, which has rapidly risen in the energy storage market, recently focused its attention on the light power market during a series of concentrated signings.
During the China Jiangsu International Electric Vehicle Exhibition held from October 22 to 23, Cornex signed strategic cooperation agreements with three companies, totaling a 3GWh order for 20Ah cylindrical cells.
The breakdown includes 1.5GWh from Chaowei Chuangyuan, 1GWh from Tianyi Energy, and 500MWh from Huayou Energy.
For a battery company that has gained industry attention through large-scale shipments of energy storage cells, this signing releases new business signals.
Cornex's large cylindrical cells are gaining clearer customer opportunities and scaled cooperation in the light power market.
A notable feature of this collaboration is that all three clients have backgrounds in light power battery manufacturing, integration, or channel distribution.
Chaowei Chuangyuan is the lithium battery business platform of Chaowei Group, involved in cell manufacturing and PACK integration, with products covering scenarios such as electric bicycles, electric motorcycles, and energy storage.
Tianyi Energy belongs to the Tianbo Group and serves as its primary lithium battery manufacturing entity, focusing on light power batteries.
Huayou Energy was initiated by Huayou Recycling together with Toyota Tsusho Corporation and other enterprises, with businesses involving full lifecycle battery management and light electric vehicle applications.
The concentration of these three cooperations on the same 20Ah cylindrical cell reflects the substantial demand for standardized cells in the light power market.
Based on the nominal voltage of 3.2V for LFP (Lithium Iron Phosphate) batteries, one 20Ah cell provides approximately 64Wh. The 3GWh cooperation scale corresponds to a demand for roughly 47 million cells.
In terms of product specifications, Cornex's 20Ah LFP cylindrical cell showcased this time features a full-tab design, supporting 1C charging and 2C discharging. Its cycle life exceeds 2,500 cycles at 1C fast charging, balancing the requirements for safety, lifespan, and charge/discharge performance in light power applications.
Cornex's layout in the cylindrical battery sector has actually been underway for some time.
In March this year, Cornex disclosed at the Tianjin exhibition that its 20Ah cylindrical cells had achieved mass delivery. Simultaneously, it launched a 45Ah LFP battery specifically for electric motorcycles, along with 30Ah and 50Ah products targeting low-speed vehicle markets.
By October, Cornex further disclosed that the company's annual cylindrical cell production capacity has exceeded 30GWh, with cumulative shipments surpassing 50 million cells.
From mass product delivery to disclosing cumulative shipments, and now to signing a concentrated 3GWh order, Cornex's light power business is gradually revealing its scale.
Today, this energy storage battery company is expanding its customer base in the light power market.
For Cornex, light power differs significantly from its core energy storage business.
Large-scale energy storage projects typically involve GWh-level procurement and project delivery, whereas markets for electric two-wheelers, electric motorcycles, and low-speed vehicles are characterized by diverse product specifications, dispersed customers, and complex end-use applications.
This means that cell manufacturers need not only scaled manufacturing capabilities but also stable cooperative relationships with battery PACK manufacturers and application integrators.
The three companies signed this time precisely cover segments such as light power battery manufacturing, PACK integration, and application channels.
Looking at the industry, the lithiumization upgrade of products like electric motorcycles and two-wheelers is attracting more cell enterprises with scaled manufacturing capabilities to participate.
The competition in large cylindrical cells for light power will further extend to product standardization, manufacturing costs, quality consistency, and sustained delivery capabilities.