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].