On February 21, Xiangyang signed a strategic cooperation agreement with the Hubei Institute of Aerospace Chemical Technology. Under the agreement, the two sides will jointly build China Aerospace Graphene Industry Base in Central China.

Known as the "Lord of New Materials", graphene has features such as ultra thinness, high strength, as well as superb thermal conductivity, electrical conductivity and translucency. As the knowledge of graphene has been deepened at home and abroad in recent years, the graphene industry has become a promising strategic emerging industry.