[Yaxin Green Clean Source signs 750 million yuan lithium battery recycling and utilization project] On February 23, Shanxi Yaxin Green Clean Source Circular Economy Technology Co., Ltd. held a strategic cooperation signing ceremony for the 'Waste Lithium Battery Resource Utilization Project'. It is reported that Yaxin Green Clean Source Circular Economy Technology Co., Ltd. plans to invest 750 million yuan to build a waste lithium battery resource utilization project in Qingxu Economic Development Zone of Shanxi, mainly engaged in professional recycling, disposal, and resource utilization of waste lithium batteries, power batteries, lithium-containing waste materials, and nickel-cobalt waste materials.
The project will be constructed in two phases. Upon completion, the project will achieve an annual sales revenue of 4.769 billion yuan, an annual total profit of 939 million yuan, contribute 235 million yuan in taxes, and create 200 new jobs, thus generating substantial economic and social benefits.
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