Core Viewpoint - The company has signed a memorandum of understanding with ASCEND ELEMENTS to leverage their strengths in geopolitics, resources, capital, technology, and operational management to establish a leading lithium battery recycling industry system in Europe [1] Group 1: Partnership and Collaboration - The collaboration aims to build a leading lithium battery recycling system in Europe, including dismantling and black powder manufacturing systems, as well as lithium, nickel, and cobalt resource recovery and battery material remanufacturing systems [1] - The partnership will support the development of the entire lifecycle value chain of new energy in Europe [1] Group 2: Global Expansion and Sustainability - The company will actively explore opportunities for collaboration in the United States to advance lithium-ion battery recycling and engineering battery material production [1] - The initiative aims to promote the implementation of a global battery passport and the green development of new energy [1]