Zhaoqing Xin Rongchang New Energy Technology Co., Ltd.'s battery recycling project has been approved. The project, once completed, will process 25,000 tons of retired power batteries and 12,000 tons of retired power battery black powder annually. The project is planned to be constructed in two phases, with the first phase processing 15,000 tons of retired lithium power batteries annually and the second phase processing 10,000 tons of retired lithium power batteries and 12,000 tons of retired power battery black powder annually.