Hengrui Nengti Begins Construction on Power Battery Utilization Project with 445 Million Yuan Investment

Hengrui Nengti Utilization Project Commences Construction

In recent days, Guangzhou Hengrui Technology Co., Ltd. has started construction on the power battery utilization project. The total investment of the project is 445 million yuan, covering an area of 26,343 square meters. The construction includes two parts: first, the construction of a retired power battery utilization production line for new energy vehicles, with an annual recycling capacity of 15,000 tons, and an annual output of 11,471 tons of used batteries; second, the company will conduct research on carbon neutrality, energy saving, and emission reduction, as well as electric industry research and incubation.

According to the information, Guangzhou Hengrui Technology Co., Ltd. was jointly established by Shenzhen Hengrui Nengti, Guangzhou Environmental Investment, and Guangzhou Public Transport, with the three companies holding 49%, 46%, and 5% respectively.