Yingfeng Environmental Invests 1 Billion Yuan in Lithium Battery Recycling Project in Xiantao City

[Invest 1 Billion Yuan, Yingfeng Environmental Joins the Lithium Battery Recycling Industry]

SMM December 29th news, the groundbreaking ceremony for the project of dismantling, recycling, and resource utilization of new energy power batteries in Xiantao City, Hubei Province was successfully held in the Xiantao Circular Economy Industrial Park. It is reported that Yingfeng Environmental has officially signed a contract with the Xiantao Municipal Government for the project of dismantling, recycling, and resource utilization of new energy power batteries. The project plans to invest 1 billion yuan and is expected to achieve an annual output value of 1 billion yuan after full production. The project will be constructed in three phases. After the completion of the first phase, it will have the capacity to dismantle 20,000 tons of power lithium battery packs annually and produce 5,000 tons of new energy materials annually, which will help establish a complete system for the recycling and utilization of power batteries in Xiantao City.