Geely Achieves Over 99% Recovery Rate for Power Battery Materials, Invests Over 110 Billion Yuan in Battery Ecosystem

Published: Jul 24, 2024 14:47

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Geely Announces Over 99% Recovery Rate for Power Batteries, with Related Investments Exceeding 110 Billion Yuan" On July 24, Geely Automobile announced that it is accelerating the improvement of recycling and remanufacturing capabilities for new energy vehicles, achieving a recovery rate of over 99% for nickel-cobalt-manganese materials in power batteries. Geely's investment in the battery sector has exceeded 110 billion yuan, forming an ecological layout across the entire industrial chain through various methods. In the field of battery recycling, Geely is building an industrial alliance recycling model centered on OEMs and is committed to improving the market-oriented battery recycling mechanism, including battery recycling, repair, cascaded utilization, and scenario application, to promote the construction of a green, environmentally friendly, energy-saving, and sustainable ecological chain system.

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