Core Viewpoint - The article highlights the significant investment and strategic initiatives of Jinsing New Energy in the lithium battery recycling sector, emphasizing its potential for resource recovery and market growth [1][2]. Group 1: Project Overview - On May 8, Jinsing New Energy signed a contract for a comprehensive utilization project for retired batteries in Huanggang, Hubei, with an investment exceeding 10 billion [1]. - The project aims to achieve an annual processing capacity of 400,000 tons of retired batteries, facilitating the efficient recovery and reuse of strategic resources such as lithium, phosphorus, and iron [1]. Group 2: Company Background - Jinsing New Energy Co., Ltd. was established in 2010 and focuses on lithium battery recycling and regeneration, headquartered in Zhaoqing, Guangdong [1]. - The company entered the lithium battery recycling business in 2014 by establishing Jiangxi Ruida New Energy Technology Co., Ltd. It ranks 680th in the Hurun Global Unicorn List for 2024, with a valuation of 12 billion [1]. Group 3: IPO and Future Plans - Jinsing New Energy has submitted its IPO application to the Hong Kong Stock Exchange, which has been accepted [2]. - According to the prospectus, the company plans to conduct "full-component" recycling of retired lithium batteries and production waste, aiming to produce raw materials for ternary batteries and lithium iron phosphate battery electrodes [2]. - Currently, Jinsing New Energy operates three production facilities in Guangdong and Jiangxi, with plans to increase the processing capacity of retired ternary lithium batteries to 280,000 tons by 2025 [2].