On 13th November, CORNEX signed a strategic cooperation agreement with the Italian company Cestari Group in Wuhan, Hubei province. The two parties will establish a PV distribution and storage pilot project in Italy in the near future, which will use CORNEX M5, CORNEX's self-developed and self-produced 20-foot pre-fabricated cabin with 5MWh batteries.

In the long term, the two sides are expected to realise cooperation on 20GWh-30GWh of energy storage projects within 3-5 years.

Chen Qun, Vice President of Global Marketing of CORNEX, and Giovanni Cestari, President of Cestari, signed the agreement on behalf of both parties, and CORNEX Chairman Dai Deming and Cestari Chairman Eng.Alfredo C.Cestari attended the event and witnessed the signing.

CORNEX said the company will continue to target potential opportunities in the Italian and European markets to support Cestari's business in the market, including new projects and new technological co-operation, and European business expansion.

Under the agreement, Cestari will aim to bring in local European automotive companies to work with CORNEX to promote cooperation in the electrification of the industry. In addition, the two sides will also actively promote cooperation in the field of localised manufacturing for the Italian market.

Source : https://mp.weixin.qq.com/s/nwxe1v25pzAkWmzLEYYnYg