[concern] join hands with Volkswagen (China) to open the strategic cooperation on the comprehensive utilization of waste power batteries!

SMM: from August 2018 to September 2020, after more than two years of exchange, investigation, discussion and exploration, Volkswagen (China) Investment Co., Ltd. and Huayou Recycling Plate have formally reached cooperation on technology research, and the related cooperation project has been officially launched recently. The two sides will focus on the research on the advanced technology of echelon utilization and recycling of waste power batteries, the standardized construction of recycling service outlets, and the research and construction of the integrated optimization model of storage and transportation. we will deepen cooperation in such aspects as verifying the actual effect of the use of recycled materials on carbon emission reduction.

Volkswagen (China) Investment Co., Ltd. and Huayou work together to practice the responsibility concept of "harmony between production and ecology, unity of economic benefits and social contribution", adhere to green development, and promote the common progress of enterprises and society in fulfilling their social responsibilities.

As a manufacturer of new cobalt materials and new energy lithium materials, Huayou has gradually established and improved the recovery system while actively fulfilling its corporate social responsibility. it has completed the recovery responsibility of "urban mine resources" and constructed the supply guarantee system of renewable resources. Huayou Cobalt Industry established Zhejiang Huayou Recycling Technology Co., Ltd. in 2017, focusing on the echelon utilization and recycling of waste power batteries, and carried out corresponding research, exploration and practice around the "integrated closed loop of new energy lithium materials industry". In 2018, it was selected into the list of the first batch of "New Energy vehicle waste Power Storage Battery Comprehensive Utilization Industry Standard conditions" of the Ministry of Industry and Information Technology. Up to now, the "special production line for recycling of waste power batteries" has been completed and put into production. At the same time, we have carried out in-depth strategic cooperation with a number of mainstream automobile companies at home and abroad, and created a variety of innovative cooperation modes in the echelon utilization and material guarantee of power batteries of new energy vehicles.