Purchase Tax to Be Cut by Half Next Year; 17 Automakers Pledge to Cover Gap

Recently, the annual 30,000-ton retired power battery comprehensive utilization project invested by the company commenced construction in the Changjiang (Changjiang) Clean Energy High-tech Industrial Park Circular Economy Demonstration Zone. According to public information, the total investment of the project is RMB 135 million, covering an area of about 30 mu, located in the above-mentioned industrial park, and constructed in two phases. Upon completion, it will achieve an annual processing capacity of 30,000 tons of waste LIB cells, stably producing high value-added recycled products such as comprehensive utilization batteries, copper granules, aluminum granules, battery casings, and LIB black mass.

Recently, the management committee and local government released the public notice on the proposed approval of the EIA report for the new energy vehicle power battery material processing, battery cascade utilization and resource center project (re-filed). The project involves a total investment of RMB 500 million, located in the Lingang Economic and Technological Development Zone. It consists of one dismantling & cascade utilization production line, one black mass preparation (cell crushing) production line, and one lithium carbonate production line. Upon completion, it will achieve Phase I annual dismantling capacity of 60,000 tons of power LIB packs (including 20,000 tons of cell crushing and 10,000 tons of cell cascade utilization), and Phase II annual output of 3,973 tons of lithium carbonate.