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Recently, CNGR has received consecutive recognitions from internationally authoritative institutions for its outstanding performance in Environmental, Social, and Governance (ESG). The company not only secured a spot on the “2025 Fortune China ESG Impact List” ,but also made its debut on the “2024-2025 Forbes China Sustainable Industrial Enterprises” as a primary selected company.These two prestigious accolades signify of sustainability practices that CNGR had earned dual benchmark recognition from leading global financial media. This not only highly affirms the company’s long-term, systematic integration of sustainable development principles into its corporate strategy and operations but also underscores CNGR’s growing leadership in advancing sustainability across the global battery materials industry.

Global ESG ratings continue ascending across major indices

Consistently upholding “Harmonious Ecosystem, Excellence & Shared Success, “Evidence-Based & Self-Governance,”as our sustainability cornerstone ,CNGR is committed to building a responsible global corporate citizenship,Its ESG performance has been consistently recognized by world-renowned institutions:

• MSCI ESG Rating: BBB (ranking among the top 35% of global peers)

• FTSE Russell ESG Score: 3.8

• S&P Global ESG Score: 49, with consecutive inclusion in the S&P Global Sustainability Yearbook (China Edition) for two years

• Syntao Green Finance ESG Rating: A (top 2.6% of A-share listed companies), listed in the 2025 China Corporate ESG Leaders Report

Harmonious Ecosystem

Guided by the principle of “Harmonious Ecosystem,” CNGR is accelerating its low-carbon transition and driving green development across its entire value chain.Clean Energy Efficiency Upgrades—In 2024, the company increased its clean energy electricity usage to 86.99%, with 75% of domestic production sites certified under ISO 50001 Energy Management Systems. Energy consumption intensity dropped 41.38% year-on-year.

Substantial achievements in deep decarbonization—Greenhouse gas emission intensity (including Scope 3) decreased by 47.31% compared to the baseline year.Closed-Loop Circular Economy—Tongren industrial site of CNGR established a full-cycle system includes “dismantling → cascading utilization/crushing → regeneration” , processing over 50,000 tons of end-of-life batteries in 2024 and reducing carbon emissions by 200,000 tons.

Global Environmental Responsibility—Launched a five-year Nickel Impact Project in Indonesia, collaborating with local communities and businesses to mitigate biodiversity and land-use challenges linked to nickel mining in Sulawesi,developing breakthrough sustainability approaches from resource origination.

Excellence & Shared Success

Guided by the principle of “Excellence & Shared Success,” CNGR places stakeholder welfare at its core, fostering a sustainable collaboration ecosystem.Global Talent Strategy–In 2024, workforce expanded by 20.35%, 40% of our employees are international staff, accelerating its global talent integration.Innovation Investment & Workforce Welfare Initiatives–The company increased R&D investments and enhanced customer satisfaction, while total employee compensation rose 28.66% year-on-year, achieving shared value creation for both staff and the enterprise.Responsible Supply Chain Practices– In 2024,Morowali Site of CNGR and Wedabay Site in Indonesia successfully passed Responsible Minerals Assurance Process (RMAP) by RMI and Independent ESG audits,becoming the only two enterprises in Indonesia to achieve both certifications, setting an ESG benchmark for overseas operations.

Evidence-Based Self-Governance

Rooted in the principle of “Evidence-Based Self-Governance”,” CNGR continuously elevates its governance standards and compliance capabilities.Advanced Risk Management System—In 2024, CNGR restructured its risk governance framework by integrating global best practices with cutting-edge Enterprise Risk Management (ERM) methodology, establishing a comprehensive and end-to-end risk control system.Expanded Compliance Management–The company broadened its ISO 37301 Compliance Management System coverage, achieving certification at 50% of domestic production sites with plans to reach 100% by 2025, ensuring sustainable operations.

ESG Leadership with Future Commitment

These prestigious ESG accolades not only recognize past achievements but also inspire its future endeavors. Moving forward, CNGR will further advance its ESG practices, focusing on the ambitious goals of “Zero Waste, Low Carbon, and Circular Economy” while innovating business models for the battery materials industry. We are committed to collaborating with global stakeholders(including clients, suppliers, employees, and communities) to build a sustainable ecosystem featuring ”resource sharing, value co-creation, and climate-friendly solutions”, contributing to a greener future for humanity.

On June 26th,2025, the Hurun Research Institute released the <2025 Global Unicorn Index>, in which Hunan CNGR New Energy Technology Co., Ltd., a majority-owned subsidiary of CNGR, has secured its position with an impressive valuation of RMB 11 billion. This achievement highlights CNGR’s exceptional progress in the new energy materials sector and demonstrates that the company’s innovative capabilities and market value have once again received strong recognition from an internationally authoritative institution.

The Global Unicorn Index has long been regarded as a “barometer” for new economic development and innovation. This year’s list features a record-breaking 1,523 unicorn companies from around the world, with a combined valuation of $5.6 trillion. These unicorns are spread across 307 cities in 52 countries and regions. In China, the leading unicorns are concentrated in three key industries: semiconductors, AI, and new energy. Chinese unicorns are predominantly concentrated in three key sectors: semiconductors, artificial intelligence (AI), and new energy. Notably, Changsha is represented by four companies on the list: Hunan CNGR New Energy (new energy), SANY Heavy Truck (commercial electric vehicles), Lingshi Henmang (emerging retail), and CIDI (smart driving technologies).

Hunan CNGR New Energy Technology Co., Ltd. is the first enterprise in Hunan Province’s advanced energy storage materials industry to surpass a valuation of 10 billion yuan. Its main facility, the Ningxiang site of  CNGR, serves as the headquarters of the company’s technological innovation engine—the Research Academy—and is also its primary production base for cobalt-based materials.In 2025, CNGR’s “Research and Development Project on Wide-Temperature-Range High-Performance Sodium-Ion Batteries” was successfully selected as one of Hunan Province’s “Top Ten Technological Breakthrough Projects.” Additionally, the company spearheaded the establishment of the “Hunan New Electrochemical Energy Storage Materials Innovation Consortium,” which was included in the Hunan Science and Technology Department’s “2024 Innovation Consortium Pilot Enterprise List,” becoming one of the province’s 15 pilot innovation consortium projects for the year.One of CNGR’s core products, cobaltosic oxide (Co₃O₄), has filled a critical industry gap in high-voltage technology above 4.5 volts. The product’s shipment volume has consistently ranked No. 1 globally for multiple consecutive years, reinforcing the company’s leadership in the sector.

This consecutive recognition on the Global Unicorn Index once again demonstrates the relentless momentum and profound potential of CNGR and its subsidiaries. Staying committed to its vision of “becoming a globally leading battery materials science company,” CNGR will continue to drive innovation through technological advancement, dedicating itself to “zero-waste, low-carbon, and recyclable” battery materials. The company aims to contribute meaningfully to global energy transition and sustainable development.

On June 10th, 2025, just two days before the opening of the 4th China-Africa Economic and Trade Expo,the high-level CAETE delegation comprised over 20 distinguished members, including H.E. Louise Mvono(Gabon’s Minister of Planning and Development),H.E. Maurice Ntossui Allogo(Gabon’s Minister of Water, Forests and Human-Wildlife Conflict Resolution), H.E. Mauricio Epuga Obama(Ambassador of Equatorial Guinea to China) visited Ningxiang site of CNGR. The visit marked an insightful exploration of technological innovation and industrial development.This exchange not only served as a prelude to the upcoming China-Africa Economic and Trade Expo but also laid a broader foundation for future in-depth cooperation between the two sides in the new energy sector.

Accompanying the delegation were Liu Jinwen(Vice Chairman of the Changsha Municipal Committee of the Chinese People’s Political Consultative Conference); Zhou Huaiguo( Director of the European Affairs Division of the Office of Foreign Affairs of the Hunan Provincial Committee); Duan Haibo(Deputy Director of the Changsha Municipal Office of Foreign Affairs); Zheng Qi, (Member of the Party Working Committee and Deputy Director of the Management Committee of Ningxiang Economic Development Zone); Shen Mingchun( Vice Mayor of Ningxiang City) and other relevant officials from provincial and municipal foreign affairs departments. Representing CNGR were Liu Yi,(Vice President of the company) and Dong Bengang( General Manager of CNGR’s Ningxiang site), who provided a detailed reception and briefing.

The delegation toured key facilities including the CNGR Technology Exhibition Hall and Global R&D Center, gaining a comprehensive understanding of the company’s development history, technological innovations, and global industrial footprint. At the Technology Exhibition Hall, Liu Yi highlighted the battery materials industrial ecosystem encompassing “resource development, intelligent material manufacturing, and global recycling”along with the company’s worldwide industrial layout built around this ecosystem. The delegation listened attentively, expressing sincere admiration for CNGR’s ecologically sustainable and globally integrated development. They frequently inquired about CNGR’s existing and planned industrial presence in Africa, exploring potential avenues for deeper collaboration.

Upon learning that the first production line of CNGR’s Morocco project for new energy precursor materials commenced operations in January this year, the delegation expressed strong interest. In 2023, CNGR signed a contract with Al MADA to jointly invest in an integrated battery materials site in Morocco. This initiative not only marks a crucial step in global expansion strategy but also serves as a prime example of China’s high-quality cooperation under the Belt and Road Initiative (BRI) and deepened China-Africa collaboration.Moreover, the ongoing operation of this project will enhance Africa’s role and influence in the global battery supply chain. By leveraging Morocco’s abundant phosphate and cobalt resources, the project strengthens overseas industrial footprint of CNGR while supporting the region’s transition towards sustainable energy solutions.

The delegation then proceeded to CNGR Global R&D Center, a hub integrating “basic research, process development, application innovation, and engineering development” for new energy materials. With a team of over 1,000 researchers, the center serves as the core engine of relentless innovation. During the tour of the R&D facilities, the delegation immersed themselves in the R&D workshops, experiencing firsthand the dynamic environment of new energy materials innovation. Liu Yi elaborated on latest breakthroughs in nickel, cobalt, manganese, phosphorus, and sodium-based materials. Notably, CNGR invested over RMB 1 billion annually in R&D in both 2023 and 2024. Thanks to this sustained high-intensity investment, the company has maintained its global leadership in nickel and cobalt-based materials for five consecutive years, with shipment volumes ranking first worldwide. Meanwhile, its phosphorus and sodium-based materials continue to solidify their competitive edge, placing CNGR in the industry’s top tier. In addition, CNGR has forged partnerships with domestic and international solid-state battery clients, achieving certification and commencing large-scale supply at the hundred-ton level for new products.

During the visit, delegation members engaged in extensive discussions with CNGR’s R&D team regarding production technologies and product applications. Both sides expressed strong interest in future cooperation within the battery materials sector.Africa’s abundant mineral resources and CNGR’s technological & market expertise form a perfect complementary partnership. Moreover, the investment experience and technical advantages gained through Morocco project of CNGR will provide strong support for expanding future collaborations across Africa. This synergy not only aligns with CNGR’s global strategy but also contributes to Africa’s growing role in the global new energy value chain. The visit concluded on a forward-looking note, with both parties exploring concrete steps to translate this shared vision into actionable projects that combine African resources with Chinese innovation.

The China-Africa Economic and Trade Expo, co-hosted by the Ministry of Commerce of the People’s Republic of China and the Hunan Provincial People’s Government, stands as one of the most significant economic and trade cooperation platforms under the framework of the Forum on China-Africa Cooperation. Having successfully held three sessions in 2019, 2021, and 2023, the fourth edition of CAETE is scheduled to take place in Changsha from June 12th to 15th, 2025, under the theme “China and Africa in Joint Action: Pursuing Modernization Together.” The visit by the African delegation ahead of CAETE 2025 underscores CNGR’s active participation in China-Africa economic and trade cooperation. As the expo approaches, CNGR will leverage its Morocco project as a benchmark case, adopting an even more open approach to collaborate with African partners. The company aims to explore further cooperation opportunities in the new energy materials sector, continuing to contribute to the high-quality development of the Belt and Road Initiative (BRI) and fostering deeper China-Africa economic and trade relations. Through these efforts, CNGR is committed to driving mutual growth and playing a pivotal role in advancing the prosperity and progress of the global battery industry. By combining Africa’s resource advantages with CNGR’s technological and market expertise, both sides can jointly usher in a new era of sustainable development and shared success.

Recently, CNGR has received consecutive recognitions from internationally authoritative institutions for its outstanding performance in Environmental, Social, and Governance (ESG). The company not only secured a spot on the “2025 Fortune China ESG Impact List” ,but also made its debut on the “2024-2025 Forbes China Sustainable Industrial Enterprises” as a primary selected company.These two prestigious accolades signify of sustainability practices that CNGR had earned dual benchmark recognition from leading global financial media. This not only highly affirms the company’s long-term, systematic integration of sustainable development principles into its corporate strategy and operations but also underscores CNGR’s growing leadership in advancing sustainability across the global battery materials industry.

Global ESG ratings continue ascending across major indices

Consistently upholding “Harmonious Ecosystem, Excellence & Shared Success, Evidence-Based & Self-Governance,”as our sustainability cornerstone ,CNGR is committed to building a responsible global corporate citizenship,Its ESG performance has been consistently recognized by world-renowned institutions:

• MSCI ESG Rating: BBB (ranking among the top 35% of global peers)
• FTSE Russell ESG Score: 3.8
• S&P Global ESG Score: 49, with consecutive inclusion in the S&P Global Sustainability Yearbook (China Edition) for two years
• Syntao Green Finance ESG Rating: A (top 2.6% of A-share listed companies), listed in the 2025 China Corporate ESG Leaders Report

Harmonious Ecosystem

Guided by the principle of “Harmonious Ecosystem,” CNGR is accelerating its low-carbon transition and driving green development across its entire value chain.Clean Energy Efficiency Upgrades—In 2024, the company increased its clean energy electricity usage to 86.99%, with 75% of domestic production sites certified under ISO 50001 Energy Management Systems. Energy consumption intensity dropped 41.38% year-on-year.

Substantial achievements in deep decarbonization—Greenhouse gas emission intensity (including Scope 3) decreased by 47.31% compared to the baseline year.

Closed-Loop Circular Economy—Tongren industrial site of CNGR established a full-cycle system includes “dismantling → cascading utilization/crushing → regeneration” , processing over 50,000 tons of end-of-life batteries in 2024 and reducing carbon emissions by 200,000 tons.

Global Environmental Responsibility—Launched a five-year Nickel Impact Project in Indonesia, collaborating with local communities and businesses to mitigate biodiversity and land-use challenges linked to nickel mining in Sulawesi,developing breakthrough sustainability approaches from resource origination.

Excellence & Shared Success

Guided by the principle of “Excellence & Shared Success,” CNGR places stakeholder welfare at its core, fostering a sustainable collaboration ecosystem.

Global Talent Strategy–In 2024, workforce expanded by 20.35%, 40% of our employees are international staff, accelerating its global talent integration.

Innovation Investment & Workforce Welfare Initiatives–The company increased R&D investments and enhanced customer satisfaction, while total employee compensation rose 28.66% year-on-year, achieving shared value creation for both staff and the enterprise.

Responsible Supply Chain Practices– In 2024,Morowali Site of CNGR and Wedabay Site in Indonesia successfully passed Responsible Minerals Assurance Process (RMAP) by RMI and Independent ESG audits,becoming the only two enterprises in Indonesia to achieve both certifications, setting an ESG benchmark for overseas operations.

Evidence-Based Self-Governance

Rooted in the principle of “Evidence-Based Self-Governance”,” CNGR continuously elevates its governance standards and compliance capabilities.Advanced Risk Management System—In 2024, CNGR restructured its risk governance framework by integrating global best practices with cutting-edge Enterprise Risk Management (ERM) methodology, establishing a comprehensive and end-to-end risk control system.Expanded Compliance Management–The company broadened its ISO 37301 Compliance Management System coverage, achieving certification at 50% of domestic production sites with plans to reach 100% by 2025, ensuring sustainable operations.

These prestigious ESG accolades not only recognize past achievements but also inspire its future endeavors. Moving forward, CNGR will further advance its ESG practices, focusing on the ambitious goals of “Zero Waste, Low Carbon, and Circular Economy” while innovating business models for the battery materials industry. We are committed to collaborating with global stakeholders(including clients, suppliers, employees, and communities) to build a sustainable ecosystem featuring ”resource sharing, value co-creation, and climate-friendly solutions”, contributing to a greener future for humanity.

CNGR and AL MADA( one of Africa’s largest private investment funds) jointly celebrated the grand opening ceremony for the first phase of the Morocco site in the JORF LASFAR region on June 25th, 2025, local time in Morocco. Representatives from the Moroccan government, CNGR, AL MADA, and partner organizations attended the event

The successful commissioning of Phase I (40,000-ton annual nickel-based materials production line), marks a significant milestone in CNGR’s global expansion. It is also the world’s first batty materials site to commence operations in Africa. This achievement underscores CNGR’s firm commitment to actively supporting “the Belt and Road “Initiative, deepening China-Africa cooperation, and fostering stronger China-Morocco relations.

Top Enterprises of China and Morocco Join Forces
Building a Benchmark Project for China-Africa Cooperation

From the signing of the agreement in September 2023 to the commissioning of the first production line in January 2025 ,then to the full operation of Phase I, CNGR and AL MADA have demonstrated exceptional collaboration, overcoming tight timelines and technical challenges with efficient execution and professional coordination. Their joint efforts not only accelerated the entire process from contract signing to production but also established a deep cooperation framework in the batty materials sector. This has laid a solid foundation for both parties to seize strategic opportunities in the global supply chain, setting a benchmark for cross-border resource integration and complementary advantages. It also establishes a new model for international production capacity cooperation in the industry.  

The CNGR Morocco site spans over 200 hectares. As the first project in Africa and a Global Pioneer Beyond Asia, it has attracted significant attention. The project is being implemented in three complementary phases, with a planned total annual capacity of 70GWh—is able to supply battery materials for nearly one million electric vehicles. The products will be primarily sold in North Africa, Europe, and the United States.

Capitalizing on Morocco’s Compelling Industrial environment advantages , low-cost green energy, world-class mineral resources, and proximity to European and American markets with an extensive free trade agreement network, the site has established a comprehensive industrial chain layout. It includes an annual production capacity of 120,000 tons of ternary precursor materials. Once the regional lithium iron phosphate (LFP) battery ecosystem matures, the facility will also deploy an annual 60,000-ton LFP cathode material production line. Additionally, the site is equipped with a core metal refining and battery recycling unit,which is capable of processing over 60,000 tons per year, enhancing local resource utilization and circular economy capabilities.

Implementing ESG Principles
Empowering Local Sustainable Development

A flagship cooperative project between China and Morocco, the CNGR Morocco site has been developed adhering to the principle of local empowerment and sustainable development, it promotes better livelihoods and technological upgrades via industrial localization.

In terms of sustainable development, CNGR Morocco site established low-carbon goals from the outset of its planning and implemented a series of environmental measures. The site adopts green and low-carbon production processes, progressively increases the proportion of renewable energy usage, utilizes desalinated seawater, and promotes industrial recycling, making green and low-carbon practices its most distinctive feature.Additionally, the site actively pursues international ISO standard certifications, participates in the Carbon Disclosure Project (CDP), and aligns with the Science-Based Targets initiative (SBTi).

CNGR collaborates with Moroccan universities and technical partners to advance talent development, helping Morocco build a local battery industry talent pipeline and foster a new energy battery ecosystem.

In the future, CNGR will continue to actively engage in and contribute to the high-quality development of “the Belt and Road” Initiative . With the CNGR Morocco site as a strategic pivot, CNGR will continue to deepen cooperation with African partners.Building on over a decade of management expertise and R&D capabilities in battery materials sector, CNGR will continuously optimize its industrial footprint to contribute “CNGR Strength” to the global battery industry. Moving forward on the path of enhancing China-Morocco friendship and fostering China-Africa collaboration, the company is poised to write even more remarkable chapters.

Co-creating value through collaborative symbiosis – Visual highlights from CNGR’s 2024 Annual Report