What Corex does

CORNEX NEW ENERGY CO., LTD. (楚能新能源), founded in 2021 and headquartered in Xiaogan, Hubei, designs and manufactures lithium iron phosphate (LFP) battery cells, modules, packs, and fully integrated battery energy storage system (BESS) containers for three end-markets: utility-scale energy storage, commercial vehicle electrification, and passenger electric vehicles. Its flagship technical assets are the proprietary 588Ah ultra-large-capacity cell (190Wh/kg, 96.5% efficiency, 12,000+ cycle life), the CTP 3.0 module-free pack architecture (280Wh/L volumetric density, 35% fewer assembly steps), and a parallel sodium-ion line for cold-climate and cost-sensitive applications. The company is also developing solid-state battery capacity through a 55 billion yuan investment announced in March 2026, and produces derivative formats for light electric mobility (45Ah, 30Ah, 50Ah cylindrical LFP cells).

CORNEX sells exclusively B2B through direct enterprise engagements, multi-gigawatt-hour framework agreements, and strategic channel partnerships with global PV and storage integrators including JA Solar, Dongfang Electric, CHINT, and AlphaESS. Pricing is negotiated per contract with multi-year terms rather than publicly listed. Manufacturing capacity is positioned to exceed 200GWh across Xiaogan HQ, a 120GWh Phase II 'Super Factory' in Yichang (Q3 2026 production target), and a 70GWh project in Xiangyang, with automation rates above 98% and footprint below 5,000 m² per GWh. The company operates four regional service centers in China, Europe, North America, and Australia, with products reaching over 60 countries. Revenue mechanics center on hardware sales of cells, packs, and BESS containers, augmented by joint R&D and supply-chain collaboration agreements with strategic partners.

The company is privately held, employs 5,001-10,000 people, and is led by Chairman Dai Deming and President Huang Feng. Cumulative patent filings exceed 5,500 with over 2,000 granted as of November 2025, and the entity holds ISO 9001, IATF 16949, and CNAS laboratory accreditations. Order flow is concentrated around the 588Ah and 314Ah cell formats, with the CTP 3.0 architecture serving as the cross-segment integration platform that compresses cost per kWh and supports the 6MWh-class container format (M6) competing in utility-scale storage tenders.

Name

Corex

Legal name

CORNEX NEW ENERGY CO., LTD.

Website

https://en.cornexbattery.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

CORNEX manufactures LFP battery cells, modules, packs, and integrated BESS containers for utility-scale storage, commercial vehicles, and passenger EVs via B2B framework agreements. Its proprietary 588Ah cell, CTP 3.0 module-free architecture, and sodium-ion line serve system integrators and OEMs across 60+ countries.

Ownership category

akta.pro rank

Product category

Battery Manufacturing

NAICS

Battery Manufacturing (33591), Battery Manufacturing (335910)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Pack Manufacturing & Module Assembly (EUAFABAI)

akta.pro secondary industries

Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Cell Manufacturing (Cylindrical, Prismatic, Pouch) (EUAFABAG), Energy Storage Systems (BESS, Flywheels, Batteries) (HDABAKAC)

Keywords

• Lithium battery manufacturing
• Energy storage systems
• LFP battery cells
• Battery energy storage
• Commercial vehicle batteries

Headquarters

HQ city

Xiaogan

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Battery Cell Sales: CORNEX designs, manufactures, and sells lithium-ion battery cells (588Ah, 314Ah, 100Ah, and other capacities) to energy storage system integrators, EV manufacturers, and commercial vehicle companies. Revenue is generated through direct product sales with volume-based contracts and multi-GWh framework agreements.
2. Battery Module & Pack Sales: Sale of battery modules (e.g., PF200-268A-P87L, PF200-324A-P100L) and packs for commercial vehicles (logistics, trucks, buses, ships, construction machinery) and passenger vehicles. Packs incorporate liquid cooling, structural reinforcement, and CTP technologies for differentiated value.
3. Battery Energy Storage System (BESS) Sales: Sale of complete energy storage systems including containers (e.g., PF288-588A-C6262L with 6,262kWh capacity, PF173-314A-C5015L with 5,015kWh capacity) for grid, commercial, industrial, telecom, and outdoor applications. Systems include BMS, thermal management, and firefighting subsystems.
4. Joint R&D and Supply Chain Collaboration: Strategic collaboration with partners (e.g., JA Solar) involving joint R&D and supply chain services for core energy storage products including overseas DC-side systems, outdoor energy storage cabinets, and batteries. May include service fees or supply agreements tied to collaborative product development.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

CORNEX (楚能新能源 / CORNEX NEW ENERGY CO., LTD.) designs, manufactures, and sells lithium iron phosphate (LFP) battery cells, modules, packs, and integrated battery energy storage systems (BESS) for electric vehicles, commercial vehicles, grid storage, and industrial applications. The portfolio spans ultra-large-capacity 588Ah and 314Ah prismatic cells, sodium-ion batteries, complete 20-foot containerized ESS solutions (up to 6.26MWh), and proprietary CTP 3.0 module-free integration technology, with planned production capacity exceeding 200GWh.

Product overview

CORNEX (楚能新能源) is a new energy innovative high-tech enterprise providing lithium-ion battery products and energy storage solutions across three main segments: (1) Passenger Vehicle Electrification Solutions — covering EV battery cells (PF210-145A, PF300-173A, PF300-166A), the CTP 3.0 super-fast charge power battery system, and the 'Everest' 6C cell; (2) Commercial Vehicle Electrification Solutions — covering commercial battery cells (PF173-230A, PF173-324A, PF200-324A, PF200-268A, RF46-30A), module/packs (D05, D06), and H02/H03 CTP systems for buses, trucks, logistics vehicles, ships, and construction machinery; and (3) Energy Storage Solutions — covering ESS battery cells (PF288-588A, PF173-314A, PF160-100A), packs, containers (M6, PF173-314A-C5015L, PF288-588A-C6262L), and the CTP 3.0 module-free integration technology. The portfolio also includes sodium-ion batteries for cold-climate and cost-sensitive applications, and 45Ah/30Ah/50Ah cylindrical cells for light EVs. All segments share CORNEX's core CTP 3.0 integration technology and are backed by R&D, intelligent manufacturing, and global service capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• PF288-588A Energy Storage Battery Cell 588Ah ultra-large capacity LFP energy storage cell delivering 190Wh/kg gravimetric energy density, 419Wh/L volumetric density, 96.5% energy efficiency, and 12,000+ cycle life. Dimensions 72.5×288×216.3mm, weight 10.1kg. Sold to energy storage system integrators and utility-scale project developers.
• PF173-314A Energy Storage Battery Cell 314Ah LFP energy storage cell weighing 5.6kg, designed for commercial and industrial energy storage applications. Sold to ESS integrators and project developers.
• PF160-100A Energy Storage Battery Cell 100Ah LFP energy storage cell with 0.5C/1C charge/discharge rate, ≥94% energy efficiency, and 6,000 cycle life. Dimensions 50×160.3×118.5mm, weight 2kg. Sold for residential, telecom, and small C&I energy storage applications.
• M6 Battery Energy Storage Container 6.26MWh (6,250kWh) standard 20-foot container solution integrating the 588Ah cell with CTP 3.0 technology. Features top-venting thermal management, next-generation active-balancing BMS with AI algorithms for predictive safety, and Submerge fire suppression. Sold to utility-scale energy storage developers.
• PF288-588A-C6262L Energy Storage Container 588Ah-based 20-foot containerized ESS with 6,262kWh capacity and 1,565kW rated power. Includes Submerge Battery Safety System and weighs 46T. Sold to utility-scale and commercial storage project developers.
• PF173-314A-C5015L Energy Storage Container

Quantifiable outcome

• Cycle life exceeding 12,000 cycles for 588Ah energy storage cells
• +9 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature8 records

Partnerships

Four partnerships are on record, tiered major and flagship.

• Dongfang ElectricmajorStrategic or Co-development Partner · 3 June 2026Framework agreement for 8GWh of CORNEX's high-performance 588Ah large-capacity battery cells for large-scale storage stations. The partnership leverages Dongfang Electric's project development capabilities and CORNEX's battery technology to accelerate deployment of high-quality energy storage products globally.
• CHINTmajorStrategic or Co-development Partner · 3 June 20262GWh partnership for high-performance 314Ah and 588Ah large-capacity battery cells. CHINT and CORNEX collaborate to leverage combined global project development capabilities and accelerate deployment of high-quality storage products.
• AlphaESSmajorStrategic or Co-development Partner · 3 June 20262GWh partnership for high-performance 314Ah and 588Ah large-capacity battery cells. AlphaESS is an energy storage system integrator, and the partnership focuses on leveraging combined global project development capabilities to support the global transition toward sustainable, green energy.
• JA SolarflagshipStrategic or Co-development Partner · 6 November 2025CORNEX and JA Solar signed a global strategic cooperation agreement focused on joint R&D and supply chain collaboration for core energy storage products including overseas DC-side systems, outdoor energy storage cabinets, and batteries. The collaboration aims to build a robust, efficient, and globally competitive energy storage supply chain supporting JA Solar's international expansion. JA Solar representatives recognized CORNEX's industry-leading production capacity and significant technological advantages in battery R&D, system integration, and full lifecycle safety management.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Hithium Energy Storage: Xiamen-based dedicated energy storage battery manufacturer producing 314Ah LFP cells and BESS containers. Hithium is a focused ESS competitor with comparable cell capacity and product roadmap to CORNEX's 588Ah-based BESS offering.
• Gotion High-Tech: Chinese LFP battery manufacturer producing cells, modules, and packs for ESS and EV markets with international expansion (including VW-backed operations). Comparable technology profile and product portfolio to CORNEX.
• CALB (China Aviation Lithium Battery): Major Chinese tier-1 LFP battery maker focused on EV passenger and ESS segments, similar capacity scale, and overlapping customer base. CALB competes head-to-head with CORNEX in passenger EV cells and utility-scale BESS.
• EVE Energy Co., Ltd. China-based LFP and prismatic battery maker with comparable ESS cell portfolio (including 280Ah/560Ah formats) and overlapping BESS container solutions. EVE Energy is a near-direct scale and product analog to CORNEX in the global stationary storage market.
• SVOLT Energy Technology: Chinese LFP and cobalt-free battery maker with both passenger EV and ESS products. SVOLT's short-blade cell and stacking technology competes in the same format and customer segments as CORNEX's prismatic 314Ah/588Ah cells.
• Sunwoda Electronic Co., Ltd. Chinese battery manufacturer with consumer, EV, and ESS cell product lines, including LFP cells for energy storage. Sunwoda is a comparable tier-1/2 Chinese player competing for the same multi-GWh ESS framework agreements CORNEX is winning.

Broad incumbents

• BYD Company: Vertically integrated EV and battery manufacturer with captive LFP cell production (Blade Battery). Directly competes with CORNEX in both ESS cells and EV/commercial vehicle battery packs, and is a dominant force in the Chinese ESS market CORNEX targets.
• CATL (Contemporary Amperex Technology Co.): Global #1 LFP and NCM battery maker serving the same ESS, EV passenger, and commercial vehicle customers as CORNEX. While far larger and vertically integrated, CATL sets the technology and pricing benchmarks that CORNEX's 588Ah cell and CTP 3.0 compete against.

Emerging players

• Farasis Energy: Sino-German battery maker focused on high-energy-density cells for EV and ESS applications. Farasis has overlapping customer relationships and a comparable technology roadmap, though currently smaller scale than CORNEX.
• REPT BATTERO Energy Co. Chinese LFP battery maker focused on ESS and commercial vehicle cells with Wending-series prismatic cells and stacking technology. REPT is a tier-3 player targeting the same ESS integrator customers (CHINT, AlphaESS-type) as CORNEX.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CornexOfficial
• LinkedInlinkedin.com/company/cornex-new-energy-co-ltd

Compliance18 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Corex