Core Viewpoint - The company, XINWANDA, has launched a leading sustainable development strategy called LEAP, focusing on four main goals: lifecycle, eco-friendliness, responsible business, and win-win partnerships, with battery recycling as a key action path [1] Group 1: Technological Foundation - Battery recycling is crucial for addressing China's critical metal shortages and achieving low-carbon industrial cycles, with significant economic and environmental benefits [2] - The company has developed an innovative recycling process that enhances lithium extraction efficiency and reduces costs, while also minimizing pollutant emissions [2] - Continuous innovation investment has led to the establishment of a dedicated R&D team and collaboration with Southern University of Science and Technology to drive technological advancements in battery recycling [2] Group 2: Global Layout - XINWANDA was an early mover in the battery recycling sector, entering the market as early as 2018 and recently establishing a specialized subsidiary for professional and large-scale operations [3] - The company is expanding its recycling network through strategic acquisitions and the establishment of recycling bases in key regions, including plans for overseas facilities [3] - The completion of the lithium battery recycling project in Tengzhou fills a significant gap in large-scale recycling in the region, featuring an automated production line for efficient resource recovery [3] Group 3: Ecological Closed Loop - The strategic layout in battery recycling is enhancing the company's industry influence and fostering collaboration among upstream and downstream enterprises [4] - The Tengzhou project is expected to create a lithium recycling industrial cluster, improving regional industrial efficiency and generating employment [4] - The company's green operational model serves as a benchmark for the industry, promoting a shift from crude processing to high-value, eco-friendly practices [4]

Core Insights - The research team led by Chen Zhongwei at Dalian Institute of Chemical Physics has developed a continuous recycling pilot plant for high-quality regenerated cathode materials, achieving a battery capacity retention of 92% after 1000 charge-discharge cycles, marking a significant advancement in recycling technology [1][3] Group 1: Research and Development - Chen Zhongwei's research journey emphasizes a "closed-loop innovation system" that integrates material design to address energy and environmental challenges [2] - The team has successfully published results in top international journals and contributed to national key projects, enhancing China's independent innovation in new energy technology [3] Group 2: Battery Recycling Technology - The team developed an "one-step" battery recycling process that simplifies the traditional three-step method, significantly reducing energy consumption and pollution [5][8] - The new process utilizes a selective leaching and co-precipitation strategy, achieving over 99.8% extraction rates for nickel, cobalt, and manganese, while reducing costs to one-fifth of traditional methods [7][8] Group 3: Industrial Application and Impact - The pilot line for regenerated cathode materials has been established, providing materials to multiple battery companies, resulting in a 32% cost reduction and a 20% increase in cycle life for batteries [9][10] - The ongoing collaboration with enterprises aims to develop a thousand-ton demonstration line, promoting a "research-demonstration-industry" linkage mechanism for battery recycling and regeneration [10]

【文/观察者网 柳白】"当北美某地的电动汽车电池报废时，它很可能会来到这片沙漠的沙砾与灌木之 间，获得新生。" 美国《华盛顿邮报》10月29日发表的一篇文章，把目光聚焦在内华达州的一处锂离子电池回收工厂，指 出美国行业尚处于起步阶段，面临政策支持削减、依赖亚洲企业精炼矿物等挑战，而中国在该领域领先 全球，美国企业希望对标中国打造一个差不多的电池回收产业体系。 这处回收工厂隶属于美国雷德伍德材料公司（Redwood Materials），是全美最大的锂离子电池回收厂。 在这片32英亩（约12.9万平方米）、淡蓝天空下的"电池墓地"里，人们能想到的所有可充电设备的废旧 电池，都被堆叠、分类并整齐排列存放。 雷德伍德公司最终会将这些电池分解成基本成分，提取出锂、镍、钴等贵重金属，再制成新电池。随着 全球对可充电电池需求激增，这类回收工厂有望成为重要的原材料来源。 "我们创办雷德伍德非常早。"雷德伍德创始人、同时也是特斯拉联合创始人的JB·斯特劳贝尔说。他于 2017年创立了这家回收材料公司，预判到电动汽车兴起后将出现的废旧电池浪潮。 "我们看到了未来的巨大机遇，而现在我们正处于这一转型过程中。"他补充道。 金属一旦 ...

Core Viewpoint - The company aims to establish a circular manufacturing model by effectively separating and purifying valuable resources from waste battery materials, thereby enhancing the lithium-ion battery recycling value chain [1] Group 1 - The company, Baichuan Co., Ltd. (stock code: 002455), responded to investor inquiries on October 21 regarding its focus on circular manufacturing [1] - The company is analyzing the changes in the properties of waste battery materials to recover valuable resources [1] - The initiative is part of a broader strategy to connect the entire lithium-ion battery recycling value chain [1]

Core Viewpoint - Guanghua Technology (002741.SZ) has stated on its interactive platform that the company does not have any capacity for recycling ternary batteries [1] Company Summary - Guanghua Technology currently lacks the production capacity for recycling ternary batteries [1]

Core Viewpoint - The company, together with its partners, has signed an investment cooperation agreement to establish a joint venture focused on the green recycling of used lithium-ion batteries in Jiangsu Province, indicating a strategic move towards sustainable practices in the battery industry [1] Group 1: Joint Venture Details - The joint venture, named Beikang Environmental Technology (Jiangsu) Co., Ltd., will have a registered capital of 788 million yuan, with the company contributing 78.8 million yuan for a 10% equity stake [1] - The project will be located in the chemical park of the Pizhou Economic Development Zone and will focus on the green recycling of used lithium-ion batteries [1] Group 2: Project Phases and Capacities - The project will be developed in two phases, with the first phase aiming for an annual battery pack dismantling capacity of 10,000 tons, processing 32,000 tons of ternary black powder, and handling 1,500 tons of waste catalysts [1] - The production targets for the first phase include 11,000 tons of ternary precursors and 5,460.5 tons of lithium carbonate annually [1]

Core Viewpoint - The company, together with its partners, has signed an investment cooperation agreement to establish a joint venture focused on the green recycling of used lithium-ion batteries in Jiangsu Province, indicating a strategic move towards sustainable practices in the battery industry [1] Group 1: Joint Venture Details - The joint venture, named Beikang Resource Technology (Jiangsu) Co., Ltd., will have a registered capital of 788 million yuan, with the company contributing 78.8 million yuan for a 10% equity stake [1] - The joint venture aims to develop a project for the green recycling of used lithium-ion batteries, located in the chemical park of the Pizhou Economic Development Zone [1] Group 2: Project Phases and Capacities - The project will be constructed in two phases, with the first phase targeting a battery pack dismantling and crushing capacity of 10,000 tons per year, processing 32,000 tons of ternary black powder, and handling 1,500 tons of waste catalysts [1] - The first phase also includes production targets of 11,000 tons per year of ternary precursors and 5,460.5 tons per year of lithium carbonate [1]

Core Viewpoint - The company is actively engaging in the battery recycling sector to align with global carbon reduction trends and meet sustainability regulations for battery products [1] Group 1: Investment and Partnerships - The company signed an investment cooperation agreement on October 16, 2025, with Beijing Beikang Resource Recycling Technology Co., Ltd., Pizhou Circular Economy Industrial Park Development Co., Ltd., and Chengtong Kechuang Investment Fund (Beijing) Partnership (Limited Partnership) to establish a joint venture in Pizhou, Jiangsu Province [1] - The joint venture, named Beikang Resource Recycling Technology (Jiangsu) Co., Ltd., will focus on the green recycling of used lithium-ion power batteries [1] Group 2: Project Details - The joint venture will invest in a "Green Recycling Project for Used Lithium-Ion Power Batteries" located in the Pizhou Economic Development Zone [2] - The project will be constructed in two phases, with the first phase planned to have a battery pack dismantling and crushing capacity of 10,000 tons per year, a processing capacity for ternary black powder of 32,000 tons per year, and a waste catalyst processing capacity of 1,500 tons per year [2] - The first phase aims to produce 11,000 tons per year of ternary precursors and 5,460.50 tons per year of lithium carbonate [2]

Core Viewpoint - The company is actively engaging in the battery recycling sector to align with global carbon reduction trends and meet sustainability regulations, thereby enhancing its supply chain stability and fulfilling its corporate responsibility towards green development [1]. Group 1: Investment and Partnerships - The company has signed an investment cooperation agreement with Beijing Beikang Resource Recycling Technology Co., Ltd., Pizhou Circular Economy Industrial Park Development Co., Ltd., and Chengtong Kechuang Investment Fund (Beijing) Partnership (Limited Partnership) to establish a joint venture in Pizhou, Jiangsu Province [1]. - The joint venture, named Beikang Resource Recycling Technology (Jiangsu) Co., Ltd., will focus on the green recycling of used lithium-ion power batteries [1]. Group 2: Project Details - The joint venture will invest in a "Green Recycling Project for Used Lithium-Ion Power Batteries," located in the Pizhou Economic Development Zone Chemical Park [2]. - The project will be developed in two phases, with the first phase aiming for a battery pack dismantling and crushing capacity of 10,000 tons per year, processing 32,000 tons of ternary black powder, and handling 1,500 tons of waste catalysts [2]. - The first phase will also produce 11,000 tons of ternary precursors and 5,460.50 tons of lithium carbonate annually [2].

Core Viewpoint - The company plans to establish a joint venture with several partners to focus on the green recycling of used lithium-ion batteries, indicating a strategic move towards sustainability and innovation in the battery industry [1] Group 1: Joint Venture Details - The joint venture will be named Beikang Zihuan Technology (Jiangsu) Co., Ltd. and will be responsible for the green recycling of used lithium-ion power batteries [1] - The registered capital of the joint venture is set at 78.8 million yuan, with the company committing to contribute 7.88 million yuan, representing a 10% equity stake in the venture [1] Group 2: Management and Governance - The company has also approved the assessment indicators for the Chairman and senior management for the year 2025, reflecting a focus on governance and performance metrics [1]