Core Viewpoint - VinFast has signed a strategic cooperation agreement with BatX Energies to develop a high-voltage battery recycling and reuse project, marking a significant step in localizing its supply chain in India and optimizing product lifecycle [1] Group 1: Company Overview - VinFast is a Vietnamese electric vehicle manufacturer focusing on expanding its operations in the Indian market [1] - BatX Energies is a leading clean technology company in India, providing comprehensive solutions for battery recycling [1] Group 2: Project Details - The agreement includes the recycling of high-voltage batteries and the recovery of materials such as lithium, cobalt, and nickel [1] - The project will also involve the reuse of batteries within VinFast's manufacturing plants and after-sales systems in India [1] Group 3: Strategic Importance - This collaboration is a crucial part of VinFast's strategy to enhance its local supply chain and improve the sustainability of its products [1]

Core Viewpoint - The global lithium battery recycling network platform was launched to address structural challenges in the lithium battery recycling industry, including lagging recycling system construction and price inversion, amidst the anticipated surge in retired power batteries due to the explosive growth of global electric vehicles [1][5][9] Group 1: Industry Context - The global retired power battery scale is expected to exceed 10 million tons by 2030, making the recovery and reuse of key metals like lithium, cobalt, and nickel a core industry issue [5] - The lithium battery industry is experiencing rapid growth, driven by the increasing demand for electric vehicles and energy storage solutions [5] Group 2: Company Initiatives - EVE Energy, a leading global lithium battery manufacturer, aims to accelerate the Internet of Things with comprehensive lithium battery solutions and has a full industry chain layout in power, energy storage, and consumer batteries [5] - EVE Energy's R&D team showcased recent technological innovations in heavy-duty energy, large cylindrical batteries, life energy, and all-solid-state batteries, demonstrating the company's research capabilities across various applications [5] Group 3: Collaborative Efforts - The global lithium battery recycling network platform involves collaboration with Shenzhen Jiecheng New Energy and other leading global new energy companies, establishing a recycling network covering over 30 countries across Europe, North America, Asia, and Oceania [1][9] - The platform aims to create a green circular system covering the entire battery lifecycle from production to recycling and regeneration, promoting sustainable development in the global new energy industry and supporting global carbon neutrality goals [9]