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 has signed an investment cooperation agreement to establish a joint venture focused on the recycling of used lithium-ion batteries, indicating a strategic move towards sustainable practices in the battery industry [1] Company Summary - The company will invest 78.8 million RMB in the joint venture, acquiring a 10% stake [1] - The registered capital of the joint venture is set at 788 million RMB [1] Project Details - The joint venture will develop a "green recycling project" for used lithium-ion batteries in Pizhou, Jiangsu Province [1] - The project will be constructed in two phases, with the first phase including: - Battery pack dismantling and crushing capacity of 10,000 tons per year - Processing capacity for ternary black powder of 32,000 tons per year - Treatment capacity for waste catalysts of 1,500 tons per year - Production of ternary precursors at 11,000 tons per year - Production of lithium carbonate at 5,460.5 tons per year [1]