[Total Investment of 450 Million Yuan, Lithium Battery Recycling Project Launched in Sichuan] Recently, the Management Committee of Nanchong Economic Development Zone in Sichuan announced the pre-approval disclosure of the Environmental Impact Report for the Nanchong Lithium Battery Green Economy Circular Demonstration Project by Sichuan Zhihui New Energy Co., Ltd. It is reported that the project involves extracting valuable metals such as nickel, cobalt, and lithium from retired lithium-ion batteries to produce high-value-added products, including nickel sulphate, cobalt sulphate, lithium carbonate, and ternary cathode precursors for new energy materials. Upon completion, the project will achieve the resource utilization of 20,000 mt of retired lithium-ion batteries annually. The project covers an area of 66,680.07 m², with a total investment of 454.17 million yuan, of which environmental protection investment accounts for 3.72%, amounting to 16.895 million yuan.