Establish A Joint Venture Company! Miracle Automation Corporation "Joins Hands" with Chang'an to Carry out Lithium Battery Recycling Business!

Published: Apr 18, 2024 18:31

Source: SMM

Save

Miracle Automation Corporation announced on the evening of April 17th that the company plans to jointly establish a joint venture company called Chengzhi Anqi Circular Technology Co., Ltd. (hereinafter referred to as the "JV company") with China Chang'an and Chang'an Automobile, and to cooperate with the JV company as the main body to carry out battery recycling, gradual utilization and recycling business, with the goal of creating a leading battery recycling benchmark enterprise in the southwestern region. Miracle Automation Corporation stated that this cooperation fully demonstrates the mutual empowerment and coordinated development of the company's intelligent equipment business and lithium battery recycling business. Based on the company's many years of deep cultivation in the intelligent equipment business and the accumulation of resources in the automotive industry, jointly building lithium battery recycling projects with vehicle manufacturers, establishing a comprehensive and closer cooperation relationship, creating a more market-competitive green supply chain, and enhancing the company's differentiation competitive advantage.

New Energy

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

[Albemarle Auction Concludes: 7,634 dmt of 5.49% Spodumene Concentrate Sold at RMB 15,617/t]

March 17 – This afternoon, Albemarle's auction for spodumene concentrate concluded. The auction lot consisted of 7,634 dry metric tons (dmt) of 5.49% spodumene concentrate sourced from Wodgina. The final transaction price was RMB 15,617 per metric ton, on a ex-warehouse Zhenjiang Port basis.

8 hours ago

10 hours ago

POSCO HY Clean Metal Signs MOU with Mitsui & Co. on Battery Recycling Cooperation

POSCO HY Clean Metal has signed a memorandum of understanding (MOU) with Mitsui & Co. to collaborate on recycling end-of-life batteries through Hydrovolt. Under the agreement, POSCO will secure a stable supply of large volumes of black mass produced by Hydrovolt at its facility in Fredrikstad, Norway.

10 hours ago

POSCO Future M Signs MOU with Sila on Advanced Battery Materials Development

POSCO Future M announced on the 13th that it signed a memorandum of understanding (MOU) with Sila at InterBattery 2026 held at COEX in Seoul on March 11. Sila, headquartered in California, is a battery materials company specializing in high-performance silicon anode technology.

10 hours ago