Hyundai Motor and Huayou Cobalt Jointly Established a Battery Recycling System in Indonesia

Published: Mar 17, 2026 17:26
[Hyundai Motor Group and Huayou Cobalt Jointly Built a Power Battery Recycling System in Indonesia] Recently, Hyundai Motor Group signed a cooperation agreement with Zhejiang Huayou Recycling Technology Co., Ltd. (a subsidiary of Huayou Cobalt) to jointly build an EV power battery recycling system in Indonesia. The cooperation covered the recycling and utilization of battery production scrap and end-of-life batteries, aiming to achieve a closed-loop resource system throughout the entire battery life cycle.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Geely Auto Reports Record 2025 Revenue, Core Profit Up 36% Year-on-Year
Common.Time.minsAgo
Geely Auto Reports Record 2025 Revenue, Core Profit Up 36% Year-on-Year
Read More
Geely Auto Reports Record 2025 Revenue, Core Profit Up 36% Year-on-Year
Geely Auto Reports Record 2025 Revenue, Core Profit Up 36% Year-on-Year
Geely Automobile (0175.HK) announced its full-year 2025 results. In 2025, Geely Automobile's total revenue reached 345.2 billion yuan, up 25% YoY, a record high. Excluding non-core items such as foreign exchange gains and losses, core profit attributable to shareholders reached 14.41 billion yuan, up 36% YoY. The growth in core profit outpaced revenue growth, delivering high-quality growth. Benefiting from the continued release of economies of scale and the optimization of its high-value product mix, gross profit increased to 57.3 billion yuan, up 25% YoY. As of the end of 2025, total cash rose 46% to 68.2 billion yuan, with ample and solid cash reserves.
Common.Time.minsAgo
February Auto Production and Sales Data Released, NEV Exports Continued Strong Growth. Will the Auto Market Gradually Strengthen in March? [SMM Special Report]
Common.Time.hoursAgo
February Auto Production and Sales Data Released, NEV Exports Continued Strong Growth. Will the Auto Market Gradually Strengthen in March? [SMM Special Report]
Read More
February Auto Production and Sales Data Released, NEV Exports Continued Strong Growth. Will the Auto Market Gradually Strengthen in March? [SMM Special Report]
February Auto Production and Sales Data Released, NEV Exports Continued Strong Growth. Will the Auto Market Gradually Strengthen in March? [SMM Special Report]
Common.Time.hoursAgo
Zhongli Invests 350M Yuan in Anji for Intelligent Robots and Forklift Parts Project
Common.Time.hoursAgo
Zhongli Invests 350M Yuan in Anji for Intelligent Robots and Forklift Parts Project
Read More
Zhongli Invests 350M Yuan in Anji for Intelligent Robots and Forklift Parts Project
Zhongli Invests 350M Yuan in Anji for Intelligent Robots and Forklift Parts Project
Zhongli Co., Ltd. (603194.SH) announced that, to meet its business development needs, the company plans to invest 350 million yuan in the Zhejiang Anji Economic Development Zone to build a project with annual production capacity of 50,000 intelligent robots and 100,000 sets of forklift components and parts. The funding will come from self-raised funds, including its own funds and bank loans. The project will primarily engage in the R&D and manufacturing of intelligent robots and forklift components and parts equipment.
Common.Time.hoursAgo