Geely Group's Subsidiary Approved for Battery Recycling Project Expansion

Geely Group's Another Battery Recycling Project Approved

Recently, Anhui Jifeng Vehicle Regeneration Utilization Co., Ltd.'s power battery cascade utilization and physical regeneration project (phase one) has obtained approval from relevant departments. It is reported that Anhui Jifeng Vehicle Regeneration and Utilization Co., Ltd. is a subsidiary of Geely Technology Group. After the completion and production of the first phase of the project, it will have an annual capacity of 600MWH (0.6GWh) for power battery cascade utilization. The second phase of the project is planned to be equipped with cell crushing production equipment. After the project is completed and put into operation, it will have an annual capacity of processing 600MWH of power battery cascade utilization and producing 4000 tons of physically regenerated waste lithium batteries.